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Tuesday, July 01, 2008

(1) Nifty Chart For 01/07/2008 ::


Nifty :: As we discuss in Monday post Still Nifty hold above 4000 level.. (in Sensex important level 13300).. Up to 4000 (Closing basis) nothing to worry.. May be we see bounce beck from current level due to extremely oversold condition.. Now avoid short at lower level, short advice only at higher level.. Watch out Strong resistance zone near 4160 to 4175.. And strong support zone 3997 to 4011. In one level above 4011 momentum up, below 3997 momentum down. Our strategy for 1st July. Buy on dip (S.L 3961) Sell at high (S.L 4211).. Resistance for up move at 4093/4120/4160/4175/4182/4211.. Supports at 4023/4011/3997/3961..

Posted by MY CHART at 7/01/2008 01:33:00 AM

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