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Wednesday, August 13, 2008

(1) Nifty Chart For 13/08/2008 ::


Nifty :: As we say in yesterday post, avoid buying at higher level, Nifty exactly correct from our first highlighted resistance 4649.. Wolfe Wave pattern form in Nifty last leg.. Caution at up move .Target zone of Wolfe wave below 4522, at 1-4 red line 4439.. Our strategy for 13th Aug. Sell at high (S.L 4658) buy on dip (S.L 4439).. In one level below 4535 momentum seems down, above 4556 momentum up.. Resistance for up move at 4578/4600/4658/4674/4725.. Supports 4535/4522/4464/4439/4370..

Posted by MY CHART at 8/13/2008 02:27:00 AM

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