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Wednesday, July 09, 2008

(1) Nifty Chart For 09/07/2008 ::


Nifty :: After too many bearish candle pattern of yesterday chart Nifty fall sharply in opening and made double bottom at 3896.. Now 3896 work as strong support.. Nifty close above small (brown) falling channel as far as stay above channel top nothing to worry.. Watch this two level again for up swing breakout 4110/4120.. And for down swing breakout below 3896.. Most probably we see up swing break out due to extreme oversold condition.. Resistance for up move at 4015/4033/4110/4120/4149.. Supports at 3961/3942/3896..

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