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Friday, November 16, 2007

(1) Nifty Chart For 16/11/07



Nifty :: today Nifty and Sensex both unable to cross new high after big up move..As we say still negative divergence seen in intraday and daily chart momentum turn negative at higher level.. Still momentum up up to hold above 5810.. buying S.L for up move at 5810.. In one level below 5934 momentum down, Above 5934 momentum up.. We plot here Sensex chart an H&S pattern in 5 min chart once break 19728 H&S target near 19400.. Avoide buying at higher level.. Our strategy for 16th Nov. Buy on deep or at support with S.L 5810 and sell at high.. Supports for down move at 5873/5846/5810.. Resistance for up move at 5934/5984/6012.. Trade with our Nifty cash buy sell level which are given above Nifty chart...

Posted by MY CHART at 11/16/2007 02:27:00 AM

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