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Wednesday, August 11, 2010

(2) Nifty Chart For 11/08/2010 ::


Nifty :: Black Spinning Top neutral direction candle.. Again Black Star reversal and Dark Cloud Cover bearish pattern generate aggressive trader sell signal with stop loss 5493.. Our NSI index after long time break 40 level support bearish chart structure. Conservative Trader wait till breakdown of 5432/5426 for short term bearish conformation.. Strategy for 11th Aug sell at high (S.L 5493) buy in deep (S.L 5394).. Resistance for up move at 5490/5498/5522/5538.. Supports at 5432/5426/5412/5394..

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