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Friday, January 08, 2010

(1) Nifty Chart For 08/01/2010 ::


Nifty :: Finally as per our yesterday post gap area works as strong support.. Hole the day Nifty trade in negative bias but in final hour its move up.. Short term indicator once again made negative divergence, so be careful at higher level near Wolfe wave upper 1-3 trend line.. Watch strong resistance zone in between 5310 to 5345..As far as stay above 5238 nothing to worry for bulls in intraday.. And that's why our strategy for 8th Jan if Nifty open flat or move down then buy in deep (S.L 5238) Sell at high (S.L 5345).. If Nifty move up watch strong resistance zone and change strategy as sell at high (S.L 5345) buy in deep… Resistance for up move at 5294/5310/5326/5345.. Supports at 5244/5238/5229/5208/5182…

Posted by MY CHART at 1/08/2010 03:00:00 AM

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