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Wednesday, June 17, 2009

(1) Nifty Chart For 17/06/2009 ::


Nifty :: As we say in yesterday post avoid sell if open gap down.. Once again repeated buying seen in decline near strong support..Nifty mad an Thrusting line bullish candle pattern.. May be this time we see failure attempt of bulls.. Be careful at higher level all world indices made an short term top formation in chart.. Even our both indices Sensex and Nifty almost made double top at high.. Wolfe wave still alive.. Watch first resistance 4532 and above it next strong resistance 4584.. And support 4474/4416.. Our strategy for 17th Jun sell at high (S.L 4584) buy on deep (S.L 4416).. Resistance for up move at 4532/ 4550/4584/4636/4690… Supports at 4474/4416/4365/4307..

Posted by MY CHART at 6/17/2009 01:57:00 AM

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