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Thursday, February 04, 2010

(1) Nifty Chart For 04/02/2010 ::


Nifty :: Once again an insider day with Belt Hold line bullish candle, bet again volume low in up move.. Constantly third side way momentum day..Now for 4th Feb watch strong resistance 4950 /4965..Momentum turns up only above 4965 till then wait and watch . Short term wave c of 2nd already in target (4950 to 5050) so be careful at higher level.. Our strategy for 4th Feb. up to 4965 sell at high (S.L 4967) buy in deep (S.L 4950). If Nifty break 4965(intraday inverted H&S breakout level) then change strategy as buy in deep (S.L 4906) Sell at high (S.L 5039).. Resistance for up move at 4950/4965/ 5008/5029/5039.. Supportsat 4906/4893/4850/4814..

Posted by MY CHART at 2/04/2010 02:12:00 AM

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