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Monday, March 05, 2007

(1) Nifty Chart For 05/03/07


Nifty : Check the char of Nifty...Multiple bottom near 3650.. Wolfe wave target line (1-4 line) at 3625...And last candle Engulfing Bear candle occurs during down trend mean last engulfing bottom which indicate a bullish reversal.. The test of this candle if nest candle close above the bottom of Engulfing bear candle.. If Nifty break 3711 then sharply go down up to 3675/3658 and last support at 3625..If hold this support buy at this level and go long ..Nifty face resistance for up move at 3737/3767/3800..

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