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Thursday, May 22, 2008

(1) Nifty Chart For 22/05/2008 ::


Nifty :: Unable to cross corrective 61% retracement level 5152 once again… Oil constantly hitting new high .. We change our strategy for 22nd may Sell at high (S.L 5200) buy on dip (S.L 4977).In one level below 5110 momentum down above 5110 momentum up. Still two strong support at lower level 5016 and 4977 and in Sensex 16837. (Channel bottom support). Exit all long position once break this two support.. Supports at 5055/5037/5016/4977/4929.. Resistance at 5152/5167/5200..

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