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Friday, October 31, 2008

(1) Nifty Chart For 31/10/2008 ::


Nifty :: As per our last post Sensex bounce beck from lower level and Nifty exactly bounce beck from last strong long term support 2250.. Last candle made long legged doji with body gap up pattern, an bullish sign.. As far as Nifty stay above 2450 nothing to worry.. Watch strong support 2650/2630.. Above 2737 momentum turn strong. 2737 an important level for up move.. Our strategy for 31st Oct. above 2737, Buy on deep S.L (2630) sell at high.. Resistance for up move at 2737/2753/2823/2866/3005.. Supports 2650/2630/2580/2518/2450..

(Monthly close above 2678 give more thrust for up swing.In side way momentum don't give long commitment at higher level buy only in deep and book profit at higher level)

Posted by MY CHART at 10/31/2008 02:07:00 AM

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