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Wednesday, August 20, 2014

(1) Nifty & MSi Chart & Levels For 20/08/2014 ::


Nifty::
- Open bullish Gap, made Black Spinning Top neutral direction candle with Black Star Reversal bearish candle pattern..
- MSi slightly turn down as per yesterday post..
- Short term indicator in overbought zone..
- As per yesterday post, technically risky buy at higher level..
- Avoid buy at high..
- In intraday treading on 20th Aug. Wait & Watch important resistance 7918 & 7946.. First watch resistance 7918 & IF Face resistance near high then sell with small stop-loss 7923.. Above it again sell at high with strictly stop-loss 7956..( turns weak below 7892/7880)
- Resistance for up move at 7923/7932/7946/7956..

- Supports at 7886/7880/7871/7862..

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