Monday, December 1, 2008

Nifty breaks the channel from 2503 to 2835 decisively..

Market sold off at the critical 2830-2850 area & also broke through the 2690-2710 level and closes below 5 ema decisively. Below 2630, the fall will accelerate.

If there is a bounce off 2630 levels, it may find resistances at 2710-2740 levels.







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2 comments:

Sharath said...

My homework going well these day's with your excel sheet and advise. Happy as i have just done the samething in today's trade.

December 2, 2008 at 1:37 AM
Ilango said...

Good Sharath..Congratulations.

Just keep doing these simple things and trade as per your plan.

December 2, 2008 at 7:41 AM

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