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Thursday, April 12, 2007

(1) Nifty Chart For 12/04/07



Nifty: Please enlarge and look at chart, we have drawn wave count in Nifty chart. (C of 2nd wave has completed today and if it closes below 3802 then 3rd wave starts from 12th April) All wave count will change if it breaks 3900...Till then we are still in bear market. Markets had strong up move in last six day but still it was unable to cross 3900 today which gives us a bearish sign. For bulls last strong support is at 3802. If it closes above this some hope till there for bulls...but if it breaks 3802 and closes below it then one can expect more decline up to 3746/3730/3716 within two or three days. Resistance for up move at 3865/3880/3900...

Posted by MY CHART at 4/12/2007 01:50:00 AM

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