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Tuesday, October 21, 2008

(1) Nifty Chart For 21/10/2008 ::


Nifty :: An insider day with positive bias. In bottom we see heavy volatility. As we say from last 3-4 days Nifty is in extremely oversold zone. In one level above 3140 momentum seems up, below 3100 momentum down. Our strategy for 21st Oct. Buy on deep sell at high.( it mean bias positive and we trade only for buying ..Wait for intraday small correction and when we see supports came at lower level we are going to buy only and we avoid shorting in today’s trade).. For up move our strong support zone 3230 to 3320 works as resistance .Close above 3320 give more thrust in upswing.. Watch resistance 3140/3230/3338/3380/3396/3430, Supports 3071/3050/3000/2900/2783/2678..

Posted by MY CHART at 10/21/2008 07:32:00 AM

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