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Monday, August 09, 2010

(1) Nifty Chart For 09/08/2010 ::


Nifty :: Again Black Spinning top neutral direction candle and yesterday bearish Dark Cloud Cover pattern conformation with volume.. As per Friday post Nifty still hold strong short term support 5426.. Now 5426 works as important level in next week.. For 9th Aug watch support 5426/5408.. As far as Nifty hold this two support small bounce possible in intraday.. Overall momentum still bearish with all negative chart pattern.. Our strategy for 9th Aug if Nifty open flat and hold support 5426 then buy in deep(S.L 5408) sell at high (S.L 5487).. If Nifty open gap up then watch resistance 5456/5472 if face resistance then change strategy as sell at high (S.L 5487) buy in deep (S.L 5408).. Resistance for up move at 5456/5472/5487.. Supports at 5426/5419/5408/5399/5384..

Posted by MY CHART at 8/09/2010 12:51:00 AM

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