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Support at 4700, but watch RBI & Eurozone moves: UR Bhat

UR Bhat of Dalton Capital tells CNBC-TV18 that FIIs currently determine the direction for the Nifty. Therefore, the RBI move and cues from the eurozone become watchout points. "It is tough for the Nifty to cross 5150, and it is likely to rise only 2-3% in this technical pullback," he says.

first published: Aug 30, 2011 09:24 am

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