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Tuesday, August 17, 2010

(1) Nifty Chart For 17/08/2010 ::


Nifty :: Bearish Engulfing Line pattern with volume.. Sharp cut in NSI from breakout to breakdown..India VIX index zoom up from bottom.Still price and time rhythm negative.. Each and everything negative but strong support at lower level.. Intraday trader watch three strong support 5380/5372/5360 and avoid sell near support.. Sell only at higher level or below breakdown level.. Our strategy for 17th Aug if Nifty open flat and move up then sell at high (S.L 5476) buy in deep (S.L 5380/5372).. If Nifty open gap down watch given three strong support and wait if hold support then change strategy as buy in deep (S.L 5360/5350) sell at high (S.L 5354).. Resistance for up move at 5433/5454/5468/5476.. Supports at 5412/5380/5372/5360…

Posted by MY CHART at 8/17/2010 02:27:00 AM

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