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Sunday, November 30, 2008

(1) Nifty Chart For 01/12/2008 ::


Nifty :: Once again an insider positive 3rd bar after engulfing bullish pattern... Watch trend decider level for up swing 2790 and for down swing 2633.. Above 2790 momentum turns up and close above 2860 momentum turn strong above 2790 watch major resistance zone in between 2860 to 2894.. Still short term bias and momentum seems up and that’s why our strategy for 1st Dec. Buy on deep (S.L 2596) Sell at high.. Resistance for up move at 2790/2795/2820/2860/2874/2894.. Supports at 2726/2712/2690/2633/2596..

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