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Wednesday, January 13, 2010

(1) Nifty Chart For 13/01/2010 ::


Nifty :: Tustsumi line bearish pattern, again outside day with volume. Constantly 3rd day Nifty made an higher top higher bottom formation and close almost near day's low.. Momentum turns bearish from our Wolfe wave 1-3 trend line resistance.. One by one Nifty break strong support level, now watch final support zone in coming day's in between 5078 to 5110.. Befog it, for 13th Jan watch support zone 5160 to 5182.. May be bulls forcefully try to hold this support zone.. Short term momentum indicator in oversold zone and that’s why our strategy ONLY near support zone buy in deep (S.L 5160) sell at high (S.L 5127) ..If Nifty break 5160 then change strategy as sell at high buy in deep (S.L 5074)… Resistance for up move at 5227/5234/5244/5300. Supports at 5182/5170/5160/5127/5110..

Posted by MY CHART at 1/13/2010 02:21:00 AM

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