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Wednesday, November 05, 2008

(1) Nifty Chart For 05/11/2008 ::


Nifty :: In first hour our strategy gone right way, but after take first support Nifty once again move up and continue V shape rally.. No dough about continues upward momentum. But we cautious in technical term about such kind of V shape rally below break down of long falling channel. And that’s why avoided buying at high. Watch two strong resistance zone 3242 to 3280 & 3370 to 3400.. As per all world market up trend we change our strategy for 5th Nov. Above 3171 buy on deep (S.L 3093) sell at high.. Resistance for up move at 3171/3242/3280/3370/3400.. Supports 3093/2985/2950/2845..

Posted by MY CHART at 11/05/2008 02:47:00 AM

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