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Technical analysis and trading techniques

Friday, August 17, 2007

Nifty below 4100, expect more weakness!

Nifty has just fallen below its good support at 4100 which indicates further weakness in the index. The next support for it is now 4000 and only 4000 can save this market, below this small supports exist at 3950-3980.
This fall is being fuelled by other Asian indices, like Nikkei and Hangseng.
Bulls are advised to go to sleep!
Posted by Wise_trader at 11:30 AM

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