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Friday, April 16, 2010

Trading Strategy - Sensex -16th April 2010

Just see IN 6 days crashed by 428 points after hitting a high of 18047.

-Look at Negative Divergence on RSI (Same u will see in Nifty Future chart too )

-MACD is in sell mode.

-Just remember these levels :Crucial support for Sensex -17748-17298.

-In this fall it will try to kiss these levels.

-Suppose break and closes below 17298 level for 3 days then Iam expecting slide to continue and panic can take Sensex upto 16849-16699 level.
-Above levels are valid till Sensex not crosses 18047 level.