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Friday, July 18, 2008

(1) Nifty Chart For 18/07/2008 ::


Nifty :: And finally with all word market our market bounce beck from lower level.. Chart set up looking good for short term but we still weighting to break out of falling blue channel. And higher bottom higher top formation..(May be triple combination of flat with terminal last leg seen in daily chart. If it is we see target above 4500) Watch this level for 18th Jul minor hurdle at 4078 and after break out of this resistance tow strong resistance at 4120/4127..Still our strategy same as yesterday buy on dip (S.L 3856) Sell at high (S.L 4127)..Resistance for up move at 4000/4017/4078/4120/4127.. Supports 3920/3856/3820/3778/3754

(Note ; Give long commitment only after 4127 till then book profit at every rise)

Posted by MY CHART at 7/18/2008 02:19:00 AM

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