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Tuesday, March 18, 2008

(1) Nifty Chart For 18/03/2008 ::


Nifty :: Today big sell off in Nifty and Sensex due to international market weakness.. And break all short term supports but still above long term support.. Still above long term weekly channel support.. All intraday and daily indicator in highly oversold zone.. Bounce beck may be possible from lower level ..Strong supports at 4475/4444/4425 (min target of 5th wave) and 4384/4374..Now all supports works as strong resistance.. Resistance at 4544/4580/4605/4730/4758…Our strategy for 18th Mar. Buy on dip (S.L 4425) sell at high.. Momentum turn strong only above 4730/4758..

Posted by MY CHART at 3/18/2008 03:00:00 AM

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