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Thursday, September 04, 2008

(1) Nifty Chart For 04/09/2008 ::


Nifty :: With support of sharp decline in world commodity prices, Nifty given breakout of our strong resistance zone 4400 to 4435, and move up sharply up to next strong resistance 4513 and close below it. Now for 4th Sep 4513 level works as important level. Above 4513 momentum seems up below 4513 momentum down.. Watch down side strong support at 4475. Up to 4475 nothing too worry.. Our strategy for 4th Sep. above 4475, Buy on dip (S.L 4475) Sell at high (S.L 4560) , OR if unable to cross 4560 sell at high buy on deep. Resistance for up move 4513/4540/4560/4596/4650.. Supports 4490/4475/4434 /4404/4385..
(Note : Technically we are still in bear market side way momentum. Avoid buying at higher level in such kind of sharp up move, Gold, Silver and Oil once again heading towards strong support zone)

Posted by MY CHART at 9/04/2008 01:15:00 AM

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