Nift future did'nt breakdown yesterdays low (4370)and went up crossing 23.6% Retracement( 0% - 4636 and 100% - 4081.15).Strong Resistance for Nifty Futures seems to be 4524.The concern here is Nifty Future is in Overbought zone in 5Min Chart.Taking Long positions is advised on Crossover of 4524.
Wednesday, August 1, 2007
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