10/10/06 Chart-1

Dear All 1st chart shows the lower top was created and rising wedge again & Nifty breach the rising wedge also. This implies that Nifty will breach the previous below of 3546. In 2nd chart see the first Fibonacci every lower top creation will breach the previous low. The same will happen in the second Fibonacci. So Support 3538-3522-3502. Resistance 3588-3606. Short Nifty with sl 3588 for the target of first 3538. If breach this level then 3522. regds / SIVA

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