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Wednesday, December 10, 2008

(1) Nifty Chart For 10/12/2008 ::


Nifty :: An bullish candle with breakout of triangle.. As we say from last too many post for more up swing thrust required to close above 2860.Exactly touch 2861 on 8th Dec and again move down .. Now for 10th Dec. Watch two strong support 2727 & 2690 & Watch Strong resistance zone in between 2860 to 2900.. As far as stay above 2690 momentum is up.. Our strategy buy on deep (S.L 2690) Sell at high. Give long commitment only close above 2860/2890.. Till then momentum is in side way avoid buying at higher level.. Resistance for up move at 2860/2872/2890/2900.. Supports at 2738/2727/2690/2619..

Posted by MY CHART at 12/10/2008 08:57:00 AM

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