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Wednesday, December 01, 2010

(1) Nifty Chart For 01/12/2010 ::


Nifty :: Bullish candle with volume.. As per yesterday post sharp bounce from low and enter in
strong resistance zone with NSI.. Exactly close near trend decider level .. For 1st Dec. watch level 5863 for small swing trade, above 5863 momentum seems up, below 5863 momentum down.. Due to NSI avoid to give long commitment at extreme high, may be profit booking seems on 1st Dec. at higher level.. Our strategy for intraday if Nifty open down buy in deep up to 5790 (S.L 5776) sell at high.. If Nifty move up watch strong resistance zone 5905 to 5941 and change strategy as sell at high (S.L 5948) buy in deep(S.L 5863). Resistance for up move at 5892/5905/5938/5941.. Supports at 5853/5824/5790/5782/5776..

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