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Wednesday, October 13, 2010

For 13 Oct 2010


Nifty spot had made a double bottom yesterday at 6058.2.....current falling channel is there on chart....middle line was broken..but in strong momentum channel breaking gives opportunity to initiate longs.....
This may take nifty spot towards 6120 initially...if 6120 breaks then might test 6152..RSI trend line resistance shows there so at 6150 level there will be pause/sideways/reverse....

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