Thursday, October 19, 2006

19/10/06 Chart-1

Dear All Descending Triangle Formation. Probability of an down trend breakout from this pattern is quite high. But overall sentiment of the market is bullish. So, positive opening above 3728 will lead the rally. Below 3694 will breach the nifty to the new low. Resistance 3728-3742. Support 3694-3680. Buy nifty above 3730 for the target of 3737-3749 with sl 3706. regds / SIVA

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