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Tuesday, May 20, 2008

(2) Nifty Chart For 20/05/2008 ::


Nifty :: As we say Nifty constantly take support of rising channel bottom.. Now our stop loss for long is bottom of rising channel trend.. Still momentum is up that’s why our strategy same for 20th May. Buy on Dip (S.L 5030) Sell at high (S.L 5280).. Watch this two strong resistance for up move 5190 and 5215.. Above 5215 Nifty face strong resistance at 5280/5300.. Supports for down side at 5134/5106/5087/5050/5030..

(Note ;; 5215 And 5280 works as strong resistance avoid buying at higher level )

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