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Wednesday, March 16, 2011

(1) Nifty Chart & Levels For 16/03/2011 ::


Nifty :: After breakdown of important support 5408, take good support near 5375 and made an bullish candle with volume.. NSI still in down trend but near to support level.. As far as Nifty hold support 5375 momentum seems side ways up.. On 16th March in intraday treading use buy in deep strategy with strictly stop loss 5373 for small intraday swing up.. Below 5373 strong support only near 5300.. If Nifty move up watch higher side strong resistance 5513/5520, if Nifty face resistance near 5500 level then change strategy as sell at high (S.L 5537) buy in deep. Resistance for up move at 5480/5513/ 5520/5537/5563.. Supports at 5411/5408/5381/5375..

Posted by MY CHART at 3/16/2011 02:07:00 AM

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