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Thursday, October 04, 2007

(1) Nifty Chart For 04/10/07



Nifty : Un believable up move with all time high volume.. Today Nifty some short of Monthly Elliott Wave target 5280.. Watch 5280 for further up move.. Is this up move correct..?? If yes then Nifty try to close above it.. We always see very high volume in top and bull market bottom. Caution at every up move.. Still intra day chart give small negative divergence and Daily chart looks overbought.. No clear chart pattern seen at this momentum.. We still suggest our visitor avoid buying at higher level wait for some minor correction and then enter .. Supports for down move at 5160/5140/5096/and strong support 5009.. Resistance for up move at 5280/5335.. Go with trend.. Trade with our Nifty cash buy sell level which are given above Nifty chart…

Posted by MY CHART at 10/04/2007 03:29:00 AM

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