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Friday, July 09, 2010

(1) Nifty Chart For 09/07/2010 ::


Nifty :: Bullish Treading candle body reversal pattern.. As per our yesterday post hole the day Nifty constantly face resistance near 5320 and came down.. Just break 5th insider day.. Last high 5320.35 and today’s high 5320.50 .. Now for 9th July watch first strong resistance 5320 above 5320 as we say from last three days target may be near to 5357/5375.. Intraday swing trader watch one level 5290 above 5290 momentum seems up, below 5290 momentum turns down..Once again we repeat still Nifty in corrective up move and that’s why avoid buy at high.. Our strategy for 9th July up to 5290 or above 5320 buy in deep (S.L 5271) sell at high (S.L 5375).. If Nifty open gap up then change strategy as sell at high near given highlighted resistance (S.L 5375) and buy in deep (S.L 5290).. Resistance for up move at 5320/5344/5357/5367/5375.. Supports at 5271/5242/ 5225/5210..

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