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Monday, May 18, 2009

(1) Nifty Chart For 18/05/2009 ::


Nifty :: Finally suspense is over UPA win with fully majority .. Now second flag pattern works with target of 3900+ once Nifty break 3717.. In next week most probably Nifty move with extended wave as 1-2-3-4-5.. First move up then side way then again move up for last leg, may be over in first week of June.. If Nifty open with gap up avoid buying at high wait for small correction then buy.. Watch Resistance 3760/3800/3864/ 3900/3960/4000/4129..

(In Such kind of recent situation we remind you one of the oldest stock market slogan “Buy in rumors, Sell on news “ Be careful in heavy volatility )

Posted by MY CHART at 5/18/2009 01:53:00 AM

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