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Friday, June 12, 2009

(1) Nifty Chart For 12/06/2009 ::


Nifty :: Once again an insider day with negative bias .. Still bearish Wolfe Wave alive.. Be careful at higher level.. We discuss one more bullish possibility. May be Nifty treading in running triangle and breakout level of running triangle with closing basis 4710,breakdown level of running triangle with closing basis 4550.. Any side breakout or break down gives minimum swing of 200 points. All daily and weekly indicator support bearish Wolfe Wave.. Still our strategy up to 4788 (61% of entire fall) Sell at high buy on deep.. Resistance for up move at 4670/4690/4711/4724/4788.. Supports at 4620/4586/4550/4500/4448..

Posted by MY CHART at 6/12/2009 03:01:00 AM

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