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Tuesday, January 04, 2011

(1) Nifty Chart For 04/01/2011 ::


Nifty :: Black Star Spinning top candle and Black Star Reversal candle pattern but again with low volume.. NSI slightly turn down from high.. Indicator are in overbought zone with negative slope.. And manipulated rally still on above breakout.. Once again we repeat be careful if Nifty move up, stay in side and wait for breakdown.. Watch important support and level, for 4th Jan 2011. 6155 , above 6155 momentum seems up, below 6155 momentum turn down up to 6131, as far as stay above 6131 nothing to worry for bulls.. . Watch important resistance 6190/6210.. Once Nifty break 6210 next target and strong resistance only near 6240... Resistance for up move at 6178/6190/6210.. Supports at 6147/6131/6100..

Posted by MY CHART at 1/04/2011 02:54:00 AM

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