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Wednesday, September 10, 2008

(1) Nifty Chart For 10/09/2008 ::


Nifty :: After a two bar reversal pattern once again Nifty last bar made an insider bar.. Which indicate that prevailing momentum has dissipated because buyers and sellers are now equally matched.. Now for 8th Sep. high (4558) –low (4358) is important for further up or down move. Any side break out given major up or down swing.. Meanwhile our strategy for 10th Sep. If find resistance at 4476 then sell at high buy on deep and if take support at 4405 buy on deep sell at high.. Mid term buying S.L held at 4310 for 10th Sep. Resistance for up move at 4476/4497/4547/4586/4650.. Supports at 4437/4405/ 4328/4310

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