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Tuesday, December 16, 2008

(1) Nifty Chart For 16/12/2008 ::


Nifty :: We clearly indicate in our yesterday post that an profit booking zone in between 2990 to 3026.. And Nifty exactly came down from this selling zone.. As far as stay above 2881 momentum is up, In yesterday SMS we clearly indicate that selling area stat below 2976.. But still momentum is up and that’s why we are net buyer in every decline or in deep up to 2881 with strictly long S.L 2812(2791)..Watch one level for today up to 3023 momentum is down for short term and that’s why our strategy is Nifty move up then sell at high (S.L 3023) buy on deep.. If Nifty open too low then buy in deep sell at high.. Resistance for up move at 3023/3058/3080/3096/3104.. Supports 2952/2894/2891/2843/ 2812/2991…

Posted by MY CHART at 12/16/2008 09:27:00 AM

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