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Monday, February 08, 2010

(1) Nifty Chart For 08/02/2010 ::


Nifty :: Only one and half hour change market direction.. Nifty made an Thrusting line pattern with short term indicator bounce from oversold level, indicate corrective up swing start from strong support 4692, and may be Nifty reach target in between 4900 to 5100 in coming week.. For 8th Feb. watch first strong resistance zone 4815 to 4832..Our strategy due to Thrusting pattern, buy only in deep (S.L 4692) sell at high (S.L 4834/4922)..If Nifty open gap up on Monday and face resistance near our strong resistance zone then wait for some minor intraday correction and then enter with strictly S.L 4692.. Resistance for up move at 4795/4805/4834/4852/4922.. Supports at 4732/4720/4712/4692/4655…

Posted by MY CHART at 2/08/2010 01:49:00 AM

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