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Friday, November 20, 2009

(1) Nifty Chart For 20/11/2009 ::


Nifty :: Finally Three River Evening Doji bearish candle pattern works.. Nifty slide below two important support 5010/4970 with slightly high volume. Today Nifty last candle looks like bearish body reversal of previous bullish trend.. Shorting stop loss place at 5054.. Still Nifty above multiple strong support zone 4906 to 4945.. For 20th Nov. Watch this support zone, bulls forcefully try to hold this support, so be careful at intraday gap down opening. Now new shorting only above 5000 with S.L 5054.. Our strategy for 20th Nov. If Nifty open gap down near strong support zone buy in deep (S.L 4906) Sell at high (S.L 5054).. Resistance for up move at 5011/5028/5042/5054.. Supports at 4945/ 4925/4906/4878..



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