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Thursday, October 21, 2010

(1) Nifty Chart For 21/10/2010 ::


Nifty :: Body Gap Down bear candle finally break last low 5985 and conform mid term correction.. Even after breakdown still NSI above last low and above strong support.. May be made positive divergence.. As per chart still third Dom pending, with short term daily indicator in oversold zone.. Bounce possible from low with international market support.. Avoid shorting at low in intraday.. Short only at higher level with strictly nearby resistance level.. Our strategy for 21st Oct. If Nifty open flat then buy in deep (S.L 5950) sell at high.. If Nifty open gap up then wait and watch resistance 6022, if face resistance near 6022, then sell at high (S.L 6057) buy in deep (S.L 5950).. Avoid shorting above 6022 to 6057.. Resistance for up move at 6022/6040/6050/6088/6126.. Supports at 5967/5950/5942/5928...

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