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Friday, December 24, 2010

(1) Nifty Chart For 24/12/2010 ::


Nifty :: Again Neutral direction Spinning Top candle but with low volume.. Made an Insider bar, need breakout above 6024 and breakdown below 5958.. NSI given first sign of breakdown but with low treading volume.. For 24th Dec in intraday watch one level same as yesterday 5989, below 5989 momentum seems weak, above 5989 momentum up.. Trade accordingly buy or sell, for small swing up to breakout/ breakdown level.. Below 5958/5951 next strong support at 5922/5909.. At higher side above 5989, near last high 6024, stay in short, but with strictly stop of 6024.. Resistance for up move at 5989/6022/6051/6066.. Supports at 5958/5951/5922/5909..

Posted by MY CHART at 12/24/2010 02:35:00 AM

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