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Tuesday, December 01, 2009

(1) Nifty Chart For 01/12/2009 ::


Nifty :: White Inside out day with Belt Hold line bullish candle.. As usual volume again low in green candle (Technically bearish sign).. Nifty retrace above 61% from Friday low so we change our contracting triangle label.. D leg may be over at Friday low near 4806 and now moving up as E leg.. Watch strong resistance of E leg in between 5080 to 5130.. Our strategy for 1st Dec. up to 5130 sell at high (S.L 5130) buy in deep (S.L 4993) .. Resistance for up move at 5051/5066/5072/5080/5130.. Supports at 5022/4993/4968/ 4937…

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