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Friday, January 18, 2008

(1) Nifty Chart For 18/01/2008 ::


Nifty :: Today Nifty find support as we say on yesterday post but unable to hold at higher level and made insider bar with negative momentum.. Now for 18th Jan.. We closely watch Nifty cash support 5842 and Nifty future 5840.. Once break this support and also break 5825 last low, first target of Nifty at 5765, second 5640 and third target 1-4 line at 5476.. All three target work as strong support any time within one or two days bounce beck may be possible from this support.. Avoid shorting at support level.. Our strategy for 18th Jan.. sell at high(At resistance ) buy on deep( at support).. In one level below 5937 momentum down,Above 5960 momentum up.. Support for down move at 5891/5842/5825/5765/5640/5476.. Resistance for up move at 5937/5942/5960/5973/6018..

Posted by MY CHART at 1/18/2008 02:51:00 AM

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