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Thursday, July 22, 2010

Nifty moving as per our Channel

Nifty is going as per our expected channel given on monday. Nifty have upper resistance of 5470and support 5360.
If Nifty will able to close above upper band then very big move will be expected.
Today it gave good big move after consolidation of 6 days.
so be long with stop loss of 5360.
It it break upper channel and close above it then tgt will be around 5611

your views are invited

Devang

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