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Monday, September 07, 2009

(1) Nifty Chart For 07/09/2009 ::


Nifty :: After an 4650 breakout Nifty move up sharply on Friday and made an Hammer, High wave bullish candle in weekly chart.. From last two week we constantly plot two bearish pattern.. Short term momentum once again turns bullish but please check highlighted resistance level… Very difficult to cross all this resistance level even fast short covering came.. Be careful at higher level.. Due to short term bullish structure our strategy buy ONLY in deep (S.L 4562) Sell at high (S.L 4830).. If Nifty open gap up avoid buy at high and watch resistance for shorting of small gain.. Resistance for up move at 4720/4731/4744/4756/4788/ 4820/4830.. Supports at 4650/4642/4592/4583/4562 ..

Posted by MY CHART at 9/07/2009 02:03:00 AM

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