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Technical analysis and trading techniques

Wednesday, August 22, 2007

Expect Nifty support at 4000.

The previous support of 4000 could be tested today in Nifty spot.Below 4000 things will look ugly. On the upside Nifty has a resistance at 4100, above which it can touch 4150.Most stocks/bluechips corrected with good volumes,weakness will prevail in the market, bounce back is expected and highly anticipitated currently.
Posted by Wise_trader at 9:41 AM

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      • 4400 is a resistance for Nifty; Reliance is strong!
      • I expect Nifty to touch 4500 today itself! Read more.
      • Expect a heavy correction today in Nifty!
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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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