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Friday, November 12, 2010

(1) Nifty Chart For 12/11/2010 ::


Nifty :: Exactly as per yesterday post Gravity of Gaps attract market downward from high..
Breakdown of important support 6243 and fill the first gap.. Made an Engulfing bearish line
conformation pattern with volume.. Now use sell at high strategy at every up move.. But be careful at low.. If Nifty break 6180 in opening with gap down, watch strong support zone in between 6157 to 6138.. Intraday bounce possible if Nifty enter in above strong support region.. Our strategy for 12th Nov if Nifty open gap down and break support 6180, then watch given support zone, use buy in deep strategy (Strictly stop loss 6138) sell at high (S.L 6239).. If Nifty open flat and move up then watch strong resistance zone 6239 to 6243 and sell at high (S.L 6243) buy in deep ( S.L 6180).. Resistance for up move at 6239/6243/6270/6285.. Supports at 6180/6157/6145/6138..

Posted by MY CHART at 11/12/2010 02:49:00 AM

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