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Tuesday, March 31, 2009

(1) Nifty Chart For 31/03/2009 ::


Nifty :: We clearly indicate such kind of situation in our Friday post… Required healthy correction in extreme stretch overbought position. And it is.. Today Nifty made an Engulfing Bear Candle pattern.. Bearish during up move or near strong resistance.. Still mid term up move chart pattern intact up to 2760/2750.. Multiple support at lower level from 2864 to 2801.. Avoid selling at low or in gap down opening.. Our strategy for 31st March Sell at high (S.L 3005) Buy on deep (S.L 2796/2750).. Resistance for up move at 3000/3005/3055/3097.. Supports at 2900/2864/2850/2844/2832/2825/2801/2796…

Posted by MY CHART at 3/31/2009 02:11:00 AM

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