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Tuesday, September 16, 2008

(1) Nifty Chart For 16/09/2008 ::


Nifty :: After open below our blue channel support Nifty move down sharply and break all important support easily. As we say in yesterday post avoid buying below 13620 (in Sensex). Buying seems from lower level. But its pull back rally only. Huge gap down opening works as strong resistance for up move. As per Nifty chart on 16th Sep. Our strong support zone 4110 to 4150 works as strong resistance for up move.. As per wave count Nifty may be in primary X of last C lag.. Maximum target zone in between 3870 to 3525. . .. 3930 & 3825 works as strong support for down side.. Avoid selling at lower level ..Our strategy for 16th Sep. Sell only at high (S.L 4160) Buy on deep (S.L 3790) . Resistance for up move at 4110/4137/4150/4160/4226.. Supports 3985/3965/3930/3825..

Posted by MY CHART at 9/16/2008 02:34:00 AM

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