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Tuesday, May 12, 2009

(1) Nifty Chart For 12/05/2009 ::


Nifty :: Finally market correct from overbought zone.. Still trading above strong support zone.. 3517 to 3525, Below it next strong support zone 3410 to 3430.. For 12th May watch first strong support zone 3517 to 3525 as far as hold above this support nothing to worry for bulls .. In one level above 3550 momentum seems up, below 3550 momentum down.. Hold short if Nifty spot break 3517.. Our strategy for 12th May sell at high (S.L 3610) buy on deep (S.L 3517) .. Resistance for up move at 3582/3595/3610/3640.. Supports at 3525/3517/3460/3450/3410..

Posted by MY CHART at 5/12/2009 01:45:00 AM

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