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Monday, July 18, 2011

NIFTY Updates

A smal DOWN day today . technicals still Pointing to a DOWN MOVE . Most probable targets can be seen below . My personal FAVOURITE is 50% retracement of 5468.  We have an outside chance of hitting those TREND Lines for 5410 area targets too  which would be 61.8% retracement targets .

 That RED trend line from where we BOUNCED last time is BROKEN. Other Important Fibo levels can be seen . ANother good target is 5438 .

Another Channel that might work .

The Nifty can fall to any of these . We will keep an eye on the OSCILLATORS to know good level of EXIT.

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