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Tuesday, July 07, 2009

(1) Nifty Chart For 07/07/2009 ::


Nifty :: Exactly turn down as we mention in our 26th Jun post.. Wipeout nine day’s up move in just one day.. Exactly close at strong support zone with Engulfing bear candle pattern during down trend and its give some hope for bulls..!! Still two more strong support at down side 4115/4092.. May be small bounce beck from lower level up to 4267/4320 and its give opportunity to short again.. Our strategy for 7th July if Nifty hold support 4092 buy in deep (S.L 4092) Sell at high (S.L 4320).. Resistance for up move at 4218/4250/4267/4300/4320.. Supports at 4115/4092/3978/3929/3870..

(Sensex already break H&S pattern and now breakdown level 14266 works as strong resistance in up swing)

Posted by MY CHART at 7/07/2009 01:33:00 AM

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