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Friday, July 24, 2009

(1) Nifty Chart For 24/07/2009 ::


Nifty :: Once more day added in V shape rally.. Now Nifty heading towards bullish Inverted Head and Shoulder neckline.. As we mention earlier be careful near supply zone.. May be Nifty consolidate or slightly corrected near H&S neckline as we draw with red arrow in chart before breakout.. First watch breakout level 4548/4558, after breakout of 4558 next strong resistance zone starts from 4591 to 4700.. Our strategy for 24th July book profit in between resistance zone and go short for short term with S.L 4700 and buy in deep (S.L 4506) .. Resistance for up move at 4548/4558/4591/4625/ 4656/4700.. Supports at 4506/4480/4430/4380..
(Up to 4150 we stuck with bullish Inverted H&S pattern.. Please consternate in this pattern for midterm prospective..)

Posted by MY CHART at 7/24/2009 02:09:00 AM

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