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Monday, July 06, 2009

(2) Nifty Chart For 06/07/2009 ::


Nifty :: An Engulfing bullish candle during done trend.. Bulls try to give final support to protect H&S pattern at top. As per our last week post still Nifty below 4480/4528.. Up to 4528 mid term momentum down.. Be careful on Budget day.. Avoid market at least for today.. If you want to trade watch first resistance 4440 above 4440 buy on deep with strictly S.L 4415.. Above 4440 watch strong resistance 4480/4485/4528 book fast profit near this three level after it wait and watch.. If Nifty turn down watch strong support 4300/4250.. Avoid long position once Nifty break 4250.. Resistance for up move at 4440/4451/4485/4528/4546/4580.. Supports at 4365/4344/4300/4250/4166

Posted by MY CHART at 7/06/2009 02:33:00 AM

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