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Technical analysis and trading techniques

Thursday, August 30, 2007

4400 is a resistance for Nifty; Reliance is strong!

Nifty is inching up slowly every 15min, this is all due to reliance, since reliance has a strong effect on Nifty. Nifty has to cross 4400 and remain above it for a few minutes to resume upward journey. Since today is the expiry day we should expect some small range movement as traders switch over to the sept futures.
Posted by Wise_trader at 12:50 PM

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      • 4400 is a resistance for Nifty; Reliance is strong!
      • I expect Nifty to touch 4500 today itself! Read more.
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      • Nifty below 4100, expect more weakness!
      • How did the correction started? What is subprime l...
      • Expect further correction in Indian markets

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