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Thursday, March 05, 2009

(1) Nifty Chart For 05/03/2009 ::


Nifty :: Made double bottom near strong support 2611.. Short term momentum turns up but still mid term momentum down.. For mid term momentum required to break 2800/2970 with volume for up move conformation.. Watch strong resistance 2704/2755..And strong support 2615/2611.. Our strategy for 5th Mar if Nifty open flat buy on deep (S.L 2611) sell at high (S.L 2755).. If open gap up watch two strong resistances for shorting… Resistance for up move at 2680/2696/2704/2725/2755/2765.. Supports at 2615/2611/2550..

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