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Tuesday, August 10, 2010

(1) Nifty Chart For 10/08/2010 ::


Nifty :: Again bullish candle with low volume.. As per today’s Nifty future chart even after new high breakout, Nifty future volume constant decreasing in last up move.. Extreme less buying interest at higher level.. Completely manipulated rally negated all technical and bearish divergence.. In one word conservative trader stay out of market.. Aggressive trader use higher resistance level for shorting with strictly stop loss at last resistance.. Resistance for up move at 5494/5512/5518/5528/5537.. Supports at 5454/5430/5420/5408..

Posted by MY CHART at 8/10/2010 02:14:00 AM

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