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Thursday, February 17, 2011

NIFTY STRATEGY - FEB 17TH

NIFTY
Above 5493,Our Short Term Target intact
5566-5590
-Day Before Yesterday kissed 5504,Yesterday kissed 5508 & started falling !!

NOW WHAT TO EXPECT
Suppose Not crosses ………….Yesterday’s High of 5508 & remains below 5487 level then ?
Will slide to take support at 5455 !!
Below 5455 with volumes…………Watch Panic selling upto 5425-5404 in hrs only.

RED ALERT 
Three Consecutive close above 5524 +Weekly close
will take to 5640-5679 level !!
-As expected last week it had hit a bottom of 5175 & started rallying ,In just 4 session its upto 5508 level !
-We Think ,One Dip on card and side way movement for 1-2 days and then final rally till Budget session on card ?
-Falling Wedge on chart indicates rally upto 5600-5650 on card !!
Will Update more to our Paid Subscribers during trading hrs


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