Wednesday, July 26, 2006

Tipss_Bse_Nse - 26/7/06 Chart - 1

Dear All Nifty Attempt to made crack the up trend line threen times [marked by arrow] & MACD (12 days) also below the signal [marked by arrow]. Open interest in N.Future also declined by 36.03 lacs. So be cautious on trade. If Nifty open above 3057 then Rssistance levels are 3077-3083. If nifty cross this level dont go short. Then nifty in bullish mode. Next resistance level 3109-3123. If Nifty open below 3057 then bearish trend. Nifty should test the lower levels further. Support at 3040-3017-3007-2986. Then panic selling expected. Next support level 2958. regds SIVA

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