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Monday, May 9, 2011

NIFTY STRATEGY - MAY 9TH

  
On Friday ,We had written if not breaking Thursday’s low of 5443 & trades above 5474 will create massiver short coverning rally…………and our Targets for NF were :
 5529-5563 & 5592 !

It went upto 5574 level and closed at 5555.
 Today …..it will have to cross 5574 level with volumes then only will show power.
Our Target of 5595 is intact !
7DEMA :5611………Another Major Hurdle.
(If u bought on Friday after reading our Strategy then u can book profit around 5595-5611 level )
If able to cross +Close above 5595 then in this rally  
we can see nonstop price target of 5687-5717.
SUPPORT exist at 5542——-5534.
Break below these levels will create panic.
Will Update More to our Subscribers during trading hrs.

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