Friday, November 6, 2009

Expert advice

Nifty fut: 4860---is 50% of correction and 50 sma resistance near 4870-----expecting strong resistance zone between these levels.
Nifty fut: Expected rally may be continue up to 4850--4910--its a pullback of correction or correction has been completed? Leave it !!! and lets focus on what to do? In hourly chart its marked bullish h&s pattern--its target may be same whats given above--lower side strong support between 4720--4695--now till it hold these levels try to buy on dip---and if its open with gap then sell it near 4880---with stop of 4910---expecting trading range between 4885---4760

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