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Wednesday, May 21, 2008

(1) Nifty Chart for 21/05/2008 ::


Nifty :: Unable to hold corrective 61% retracement level 5152… Still Nifty above multiple support of channel bottom trend.. And use this bottom trend as your long stop loss.. Exit from all long position once break this support .. Till then our strategy buy on dip (S.L 4968) Sell at high (S.L 5152) OR vice a versa Sell at high (S.L 5152) buy on dip (S.L 4968)…Supports at 5050/5034/5000/4982/4974/4968.. Resistance for up move at 5152/5167/5190…

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