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Thursday, July 16, 2009

(1) Nifty Chart For 16/07/2009 ::


Nifty :: Firmly break last resistance 4210 with last hour increasing volume and close above it.. As per chart structure Nifty still in corrective up move.. Nifty already neglect H&S neckline but Sensex below it (14440) .. Now for up move conformation first we check breakout level 4396 and above it intermediate pivots high 4480.. Till then avoid giving long commitment and keep strictly stop loss in buying.. Our strategy for 16th Jul buy in deep (S.L 4212) Sell at high (S.L 4396).. Or near strong resistance 4373/4396 Sell at high (S.L 4396) buy in deep (S.L 4212).. Resistance for up move at 4264/4305/4373/ 4390.. Supports at 4212/4148/4131/4110..

Posted by MY CHART at 7/16/2009 01:51:00 AM

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