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Friday, August 29, 2008

(1) Nifty Chart For 29/08/2008 ::


Nifty :: After an break down of rising small channel and last bottom 4282 /4268 and 4248 Nifty turn down sharply and enter in oversold zone in intraday chart. Today we plot strong support zone highlighted with green color 4138 to 4100 works as aggressive trader buying zone and defensive trade buying level only above 4350/4400.. Now Nifty required to break out of 4307/4350 for up swing till then our strategy for 29th Aug. Sell at high (S.L 4350)buy on deep (S.L 4100). In one level above 4220 momentum seems up and turn strong above 4244, below 4187 momentum down.. Resistance 4244/4274/4290 /4307/4350.. Supports at 4187/4138/4118/4100..

Posted by MY CHART at 8/29/2008 02:07:00 AM

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