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Thursday, November 04, 2010

(1) Nifty Chart For 04/11/2010 ::


Nifty :: Shooting Star, Three Gap up bearish candle with bullish inverted hammer pattern. Suggest neutral direction indecisive candle pattern.. One more gap between 6138 to 6146.. Most probably after three gap up its try to fill the gap.. NSI give support in this theory.. Now use sell at high strategy with strictly stop loss 6215 or maximum 6227.. Our strategy for 4th Nov. if Nifty open flat and turn down watch gap support zone 6146 to 6138 and up to 6117, buy in deep (S.L 6117) sell at high (S.L 6215).. If Nifty move up after open watch strong resistance zone 6198 to 6215 and change strategy as sell at high (S.L 6227) buy in deep (S.L 6117).. Resistance for up move at 6182/6198/6215/6227.. Supports at 6146/6138/6117/6105..

Posted by MY CHART at 11/04/2010 02:07:00 AM

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