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Om  Sri  Ganeshaya  Namaha
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Friday, November 9, 2012

Reigning The Nifty 8th November 2012

Half Hourly Chart
Prediction of Nifty upward breakout was validated as theNifty continued the uptrend. Resistance came  around 5760-5777, the 76.8%  retracement level and closed at the level. A cross of 5815 should see the Nifty targetting 5944-5950 as marked on the Fibonacci chart.
Half hourly charts show support at the uptrending channel at 5724-5748 and breakout area of 5725.
Taking things one step at a time we will think of the bearish possibility once the bearish bias sets in.Now it is bull time.

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follow me on twitter!/lucksr Happy Trading !! Lakshmi Ramachandran

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