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Thursday, July 15, 2010

(1) Nifty Chart For 15/07/2010 ::


Nifty :: Shooting Star & Incomplete Dark Cloud Cover bearish pattern with volume.. Current short term indicator in extreme overbought zone.. May be short term top formed but required more conformation.. Now onwards as far as Nifty stay below 5454 use sell at high strategy.. For 15th July watch one level 5385, above 5385 momentum seems up, below 5385 momentum down.. Our strategy for 15th July if Nifty open gap down watch support 5371/5360 and buy in deep (S.L 5358) sell at high (S.L 5454).. If Nifty open flat and move up then change strategy as sell at high (S.L 5454) buy in deep.. Resistance for up move at 5406/5433/5454/5500.. Supports at 5371/5360/5313/5300..

Posted by MY CHART at 7/15/2010 02:24:00 AM

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