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Tuesday, February 09, 2010

(1) Nifty Chart For 09/02/2010 ::


Nifty :: Increasing volatility near 200 day Ema and our Wolfe wave target..Made Long Legged white Doji candle after Thrusting bullish pattern.. As far as close above 200day Ema momentum seems side way up.. Watch higher level resistance zone 4815 to 4832, Momentum once again turn up for short term only above 4832..Due to oversold short term indicator with bullish candle pattern avoid shorting at lower level.. Our strategy for 9th Feb. Buy Only in deep in intraday correction with (S.L 4648) sell high (S.L 4832).. Resistance for up move at 4801/4815/4832/4845/4882/4917.. Supports at 4722/4693/4675/4654/4648..

Posted by MY CHART at 2/09/2010 01:39:00 AM

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