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Monday, December 05, 2011

(1) Nifty Chart & Levels For 05/12/2011 ::


Nifty :: Bullish short covering large candle with low volume.. As per our Friday post momentum turns bullish as far as huge gap between 4916 to 4851 open. But advance indicator again touch multiple top resistance.. Bull-Bear Power indicator in buy mode.. All short term indicator touch overbought region and may be made bearish divergence at high.. Be careful at high or say avoid to give long commitment at high in short covering rally.. On intraday treading on 5th Dec. use sell only at high strategy with stop-loss 5110.. Resistance for up move at 5063/5094/5110.. Supports at 5021/5005/4971/4950..

Posted by MY CHART at 12/05/2011 01:24:00 AM

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