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Monday, September 29, 2008

(2) Nifty Chart For 29/09/2008 ::


Nifty :: An Engulfing bearish candle pattern occurred in weekly chart. It may be last engulfing in down trend..For conformation next weekly candle close above last candle low. All world indices in intraday chart given bullish divergence and that’s why our strategy for 29th Sep. Buy in deep sell at high.. Watch strong support zone 3900 to 3863.. Resistance for up move at 4048/4085/4115/4175.. Momentum turns up only above 4175 and turns strong only above 4303.. Supports at 3929/3900/3888/3863/3840..

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