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Monday, April 06, 2009

(1) Nifty Chart For 06/04/2009 ::


Nifty :: Exactly after breakout Nifty move up sharply but all indicator break rhythm of up swing ..Be careful in this up move. As per our last weekly Elliott wave post Nifty already achieved minimum target.. Any sharp up move gives us shorting opportunity at high with strictly S.L 3404.. (We know very well that, we advise against trend, but we help less, My Chart tell us some thing abnormal in this sharp up move, May be this stretch up move touch our extreme target 3650 after consolidation ).. Watch first strong resistance 3247.. Our strategy for 6th April sell at high (S.L 3404) buy on deep (S.L 3172).. Resistance for up move at 3247/3316/3331/3388/3404.. Supports at 3172/3156/3087/3070/3021/3015..

Posted by MY CHART at 4/06/2009 02:05:00 AM

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