November 15, 2009

Nifty View 16/11 to 20/11


Friends, i here by present you with Nifty future chart.






Here i have indicated the possible break up and break down level. Important level to watch out for is 5024, since a double top has formed in that region. So it is advised to go short until, that level is cleared.

Positional short also can be executed with a stop loss of 5072. Nifty if closes above 5072 then further up move will happen.

Comments are welcome through mail.

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