Sunday, August 17, 2008

NIFTY -THE WEEK AHEAD

Niftyfuture has closed below the crucial level of 4463. Below this we have minor support at 4329 and 4194 being the strong support. As the weekly and daily charts are in oversold position, for next week I will be a seller below 4463 for targets of 4329 and 4200. Stop will be placed around 4525.

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