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Sunday, July 06, 2008

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


Nifty :: Once again an insider day treading range.. Still short term momentum up, after an Engulfing bullish pattern.. All intraday and daily charts are in oversold condition. Nifty treading in narrow range, and in Sharpe falling channel. Watch carefully break out level for up swing above 4110, and for down swing below 3850.. Till then our strategy for 7th Jul buy on dip (S.L 3850) sell at high (S.L 4110)..In one level above 4000 momentum is up, below 4000 momentum down. Resistance for up move at 4028/4077/4100/4110/4160.. Supports at 4000/3970/3928/3918/3875/3850/3837..

Posted by MY CHART at 7/06/2008 10:53:00 PM

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