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Friday, January 28, 2011

(1) Nifty Chart & Levels For 28/01/2011 ::


Nifty :: Engulfing line bearish conformation and bearish Treading Candle Takeover candle pattern with volume.. Once again major consolidate major breakdown.. Still too many strong multiple support zone at lower level up to 5520.. NSI in positive divergence. Be careful in shorting near strong highlighted support zone.. Watch One level 5593, below 5593 momentum seems down, above 5609 momentum up for intraday small swing trade. Trade accordingly above or below this two level.. Once again we repeat, in gap down please avoid shorting near strong support zone.. Resistance for up move at 5634/5642/5650/5674/5702.. Supports at 5593/5560/5546/5531/5519..

Posted by MY CHART at 1/28/2011 08:33:00 AM

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