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Wednesday, May 12, 2010

SGX Nifty :"Bloodbath " - Below 5129/ 5121


Now ,Let’s see…What chart says ?

After hitting a low of 4902,Yesterday it made high of 5233 & closed at 5124 level.


Below 5129 it will favour Bears only.

Nonstop slide upto 5067-5046 not ruled out.

Now ,Suppose not breaks low of 5121 then ?Expect couter rally upto 5156,5177-5183 level.

Crossover above 5183…..will take to 5205-5212 level.