A raising wedge pattern seen on Hourly chart and volumes on this upmove is also not convincing. Took a good support at 4955. Maximum it can move upto 5053 / 5136Levels. But yesterday both FIIs and DIIs are huge buyers. Today if trades below 4950 for 5/10 min then we can short Nifty for a target of 4927 / 4901 / 4876.
Friday, September 18, 2009
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