Friday, September 23, 2011

23 Aug 2011 Nifty downside levels.

Wait for clear signal for bottom fishing. Nifty may bounceback from 4850 level.Maintain strict stop around 4750 level if breaks with lower close. Next support will be at 4510 and 3885. Upside upto 5320 in near term.
The levels mentioned here are the outcome from 5 year EOD chart.

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