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Wednesday, January 06, 2010

(1) Nifty Chart For 06/01/2010 ::


Nifty :: First time gap up opening in Nifty Eod chart.. Long legged doji, body gap up bullish candle with volume.. As we say in yesterday post Nifty face resistance near 5300 level and came down ..Now for 6th Jan. gap area 5138 to 5142 works as strong support.. Short term indicator slightly turn negative in intraday.. Our strategy for 6th Jan if Nifty open gap down buy in deep (S.L 5238) Sell at high.. If Nifty move up change strategy as sell at high (S.L 5326) buy in deep (S.L 5238) below 5238 hold short position till next strong support 5215/5208.. Resistance for up move at 5298/5326/5337/5350.. Supports at 5238/5215/5208/5160..

Posted by MY CHART at 1/06/2010 01:47:00 AM

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