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Wednesday, January 12, 2011

(1) Nifty Chart & Levels For 12/01/2011 ::


Nifty :: Long Legged Doji possible reversal candle .. Strong and sharp bounce from last support zone.. NSI turns up from low.. Now for more bearish structure required weekly close below 5750 and 5683.. Till then short term corrective bounce possible as far as Nifty hold support 5690/5685.. Use buy only in deep strategy in intraday treading on 12th Jan. with strictly stop loss 5685.. Avoid to give long commitment at higher level in gap up opining.. Watch one level 5767, above 5767 momentum seems up, below 5767 momentum down for small swing.. Resistance for up move at 5767/5788/5798/5832/ 5855.. Supports at 5743/5721/5706/5690/5685.

Posted by MY CHART at 1/12/2011 03:01:00 AM

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