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Sunday, January 08, 2012

(1) Nifty Chart & Levels For 09/01/2012 ::


Nifty :: An Insider bar, again made Black Spinning Top neutral direction candle with Black Star Reversal & Incomplete Dark Cloud Cover bearish candle pattern.. NSI turn up but near to multiple resistance zone.. Bull-Bear Power indicator flat.. Short term indicator in overbought zone.. Overall momentum still neutral as far as Nifty stay in between 4646-4815.. Wait for major move breakout 4825, and breakdown 4625.. Till then in intraday treading on 9th Jan use sell ONLY at high strategy with strictly S.L 4824, in correction watch low support 4686 and below it support zone 4646 to 4676 and avoid sell at lower level .. Resistance for up move at 4779/4794/4808/4815/4824.. Supports at 4736/4720/4695/4686..

Posted by MY CHART at 1/08/2012 10:38:00 PM

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