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Friday, July 31, 2009

(1) Nifty Chart For 31/07/2009 ::


Nifty :: Exactly match the path which we draw from last one week.. Made strong support at low and turns up sharply.. Day by day volume also increase and its support Inverted H&S pattern.. But still below neckline 4700, and up to neckline be cautious at every sharp up move. Avoid buying at high wait for breakout with strong volume as closing basis.. On 31st July closely watch strong resistance zone 4620 to 4638, and above it next strong resistance 4700...Now 4538 to 4504 zone works as strong support.. Our strategy for 31st July if Nifty open flat buy in deep (S.L 4504) Sell at high (S.L 4700) if open gap up sell at high (S.L 4700) buy in deep (S.L 4504)..Resistance for up move at 4592/4620/ 4631/4638/4700.. Supports at 4538/4528/4504/4474/4436…

Posted by MY CHART at 7/31/2009 01:36:00 AM

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