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Tuesday, March 22, 2011

(1) Nifty Chart & levels For 22/03/2011 ::


Nifty :: Made bearish candle but with low volume.. Exactly hold our yesterday strong support zone. Last leg looks like short term bullish Wolfe wave structure which we plot with red line in today’s chart.. NSI exactly move from strong support even after Nifty made low.. For intraday treading on 22nd March watch one level 5368, above 5368 momentum turns up, below 5368 momentum seems down.. Trade accordingly above or below this level for small swing.. For major swing watch strong support 5343 & 5320 use buy in deep strategy in correction with strictly stop loss 5320.. Resistance for up move at 5400/5416/5434/5460.. Supports at 5350/5343/5320…

Posted by MY CHART at 3/22/2011 08:09:00 AM

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