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Tuesday, August 18, 2009

(2) Nifty Chart For 18/08/2009 ::


Nifty :: Finally Nifty break Ending Diagonal 2-4 line at 4420.. May be this c leg (from top 4731 to 4359 a, from 4359 to 4619 b) correct as usual up to 4246.. And up to 4150 still Innervated Head and Shoulder structure intact.. Before 4246 watch strong support zone 4362 to 4323.. After a hard hitting, may be Nifty take some rest and we see some side way momentum near this support zone.. Be careful to give long commitment immediate, all word market correct sharply and may be made top with C wave so wait for conformation then buy for mid term. Till then stay in sideline.. For 18th Aug our strategy watch strong support zone 4323 to 4362 if Nifty open gap down and hold this support buy in deep (S.L 4323) sell at high.. Once Nifty break 4323 next strong support only at 4246/4228.. Resistance for up move at 4400/4458/4498/4538/4585.. Supports at 4362/ 4350/4334/4323/4246/4228..

Posted by MY CHART at 8/18/2009 02:51:00 AM

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