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Friday, November 26, 2010

(1) Nifty Chart For 26/11/2010 ::


Nifty :: Again bearish long black candle with volume.. Breakdown of strong trend support, but still near to both expending triangle target and breakdown line target with fib retracement support zone.. Due to expire PCR extreme down at 0.37 with SMR above 55..!! Both levels are suggest buy in deep strategy with extreme oversold short term indicator.. No major downside left from current level in short term.. Be careful at low may be corrective bounce possible from low.. Watch strong support 5780/5760/5727.. Use buy in deep strategy with strictly stop loss 5760 and in deep 5727.. Watch resistance 5936/5940 now above it short term corrective up move turns strong..

Posted by MY CHART at 11/26/2010 08:38:00 AM

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