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Tuesday, August 2, 2011

NIFTY Updates

Charts in all timeframes show OVERSOLD conditions .  Divergence appears in technicals in various timeframes. We see from the 90 minute chart below that the Nifty has HIT important trend line . Also a WOLFE WAVE can be seen . I see a rally from here on to hit that RED WW target.

A closer view of the WOLFE WAVE below :

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