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Tuesday, October 27, 2009

(1) Nifty Chart For 27/10/2009 ::


Nifty :: Exactly close above strong support 4968/4958.. Breakout of 4968 in intraday once again momentum turns week and give minimum next target of Nifty at 4931/4909.. Technically 4900 works as strong support from last one month, below 4900 next strong support zone 4866 to 4839.. Now be careful in shorting at lower level if Nifty open gap down.. Short term indicator now enter in oversold region and any time corrective intraday bounce beck possible from strong support level.. Our strategy for 27th Oct. watch 4960, below 4960 sell at high (S.L 5016) buy in deep (S.L 4909/4904).. If Nifty break 4900 watch next support zone 4866 to 4839, and buy Nifty for short term corrective swing up move .. Resistance for up move 5012/5016/5054/5077/5115.. Supports at 4960/4931/ 4909/4866/4857/4839…

Posted by MY CHART at 10/27/2009 02:47:00 AM

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