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Wednesday, November 11, 2009

(1) Nifty Chart For 11/11/2009 ::


Nifty :: As we say in yesterday post V shape rally not possible after V shape down fall and it is.. Last candle made incomplete Dark Cloud Cover bearish candle pattern.. Now farther up move required to break 4948.. Till then momentum looks side way or down.. May be Nifty consolidate in between 4764 to 4948 level.. Now buying S.L at 4764 and sell S.L at 4948.. Our strategy for 11th Nov. up to 4948 sell at high (S.L 4948) buy in deep (S.L 4831).. Resistance for up move at 4905/4930/4948/4968/4990.. Supports at 4860/ 4840/4831/4790/4764

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