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Thursday, October 09, 2008

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


Nifty :: Last candle made A Long Lower Shadow ,a bullish signal near oversold-lower level .. Nifty try to hold long channel bottom support and close above it.. Now from here may be we see Nifty consolidation at lower level for up swing really.. Watch first strong support for 10th Oct. near 3476/3470, below it next support 3416 and strong support zone in between 3320 to 3230.. Resistance for up move at 3537/3581/3651/3667/3790.. Our strategy for 10th Oct. sell at high (at resistance) buy on dip (at support).. If breaks 3470 in early trade change your strategy as sell at high buy on dip. Avoid short selling near strong support zone 3476/3470(3320 to 3230)..(Above 3651 Buy on dip Sell at high)

Posted by MY CHART at 10/09/2008 02:33:00 AM

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