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Monday, July 26, 2010

(1) Nifty Chart For 26/07/2010 ::


Nifty :: Again white Spinning Top neutral direction candle.. As per our NSI post, it came down from strong resistance zone even after Nifty close in green… Indicator made negative divergence in overbought region.. In Weekly chart still motion line up, but in daily chart looks like Nifty made bearish Wolfe Wave pattern near high.. As far as Nifty hold 5435, our strategy for 26th July same as Friday.. If Nifty open flat then buy in deep (S.L 5390) sell at high.. If Nifty open gap up, then wait for strong resistance above 5477, near 5500 and change strategy as sell at high (S.L 5520) buy in deep (S.L 5435).. Resistance for up move at 5477/5498/5507/5511/5520.. Supports at 5435/5412/5390/5372..

Posted by MY CHART at 7/26/2010 03:05:00 AM

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