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Friday, November 13, 2009

(1) Nifty Chart For 13/11/2009 ::


Nifty :: Once again an Incomplete Dark Cloud Cover bearish candle pattern .In bar chart seems buying pressure with high volume.. As per our last post in this up move red bar volume always increase and in green bar volume decreasing, its indicate corrective up move.. Target of buying pressure bar at 4837 in coming days as far as Nifty close below 5016.. Before 4837 watch strong support zone in between 4870 to 4890.. May be Nifty try to bounce beck from this level in intraday if open gap down.. Our strategy for 13th Nov. Sell at high (S.L 5006/5016) buy in deep (S.L 4837).. If Nifty open gap down then change your strategy as buy in deep (S.L 4870) sell at high (S.L 5006).. Resistance for up move at 4980/5010/5016/5053.. Supports at 4890/4879/4870/4857/4837..

Posted by MY CHART at 11/13/2009 03:04:00 AM

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