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Wednesday, May 11, 2011

(1) Nifty Chart & Levels For 11/05/2011 ::


Nifty :: High wave bear candle with volume.. NSI in down trend but near to support zone.. Bull-Bear Power indicator in buy zone.. No option, as per last 3 post Nifty continuous take support above 5500 and bounce, face resistance near 5600 level.. Now wait for breakout or breakdown for major move.. Watch minor one level for small swing 5558, above 5558 momentum seems up, below down.. In intraday treading, for 11th May. Our strategy same as yesterday, up to 5517 use buy ONLY in deep with strictly and small S.L 5500.. (Below 5500 stay in sell). Again and again we repeat from here be careful in extended corrective high .. Resistance for up move at 5558/5565/5583/5599/5629.. Supports at 5526/5517/5502/5472..

Posted by MY CHART at 5/11/2011 01:55:00 AM

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