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Friday, November 27, 2009

(2) Nifty Chart For 27/11/2009 ::


Nifty :: Long Belt Hold line with bearish Engulfing line candle pattern, like Body Reversal of previous bullish trend.. Match two bearish pattern first one is Hangman second one is Engulfing line with channel breakdown… As routine in red candle volume once again increase.. Momentum already turns bearish at least for short term, now any up move 5045 to 5080 zone works as strong resistance.. For 27th Nov. watch strong support zone 4936 to 4906.. May be bulls once again try to hold this support in intraday if Nifty open gap down.. Our strategy for 27th Nov. Sell at high (S.L 5054) buy in deep (S.L 4906).. Resistance for up move at 5016/5045/5054/5080.. Supports at 4957/4936/4920/ 4906/ 4883/4860..

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