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Wednesday, January 11, 2012

(1) Nifty Chart & Levels For 11/01/2012 ::


Nifty :: Body Gap up Bullish Trending Candle Takeover with volume.. Breakout above falling channel.. NSI again touch multiple top resistance.. Bull-Bear Power indicator flat.. Short term indicator again touch overbought level.. Second open bullish gap technically suggest perfect bullish structure, but, Be careful at high in manipulated corrective international market supporting rally.. As far as Nifty stay above open gap, momentum seems up in coming days.. Till then in intraday treading on 11th Jan. watch level 4855/4840, above 4855 momentum seems up for small swing buy with S.L 4840, below 4840 momentum turns weak for small swing sell with S.L 4855.. At high watch strong resistance 4878/4882, and if Nifty face resistance at high then change strategy as sell ONLY at high with small and strictly S.L 4890 or maximum 4910.. Resistance for up move at 4878/4882/4890/4910.. Supports at 4822/4800/4785/4768/4758..

Posted by MY CHART at 1/11/2012 01:57:00 AM

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