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Technical Analysis and Research For 30-08-2011


Nifty-EOD Chart(29-Aug-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1-7 Days range bound market between 4720-4966
2-Next Resistance between 5120-5220

Conclusions

7 Days range bound market between 4720-4966 with high voltality as well between this range. Mentioned range break out and sustaining above 4966 will be confirmation of strong rally. Next resistance is between 5120-5220 and its testing possibility will be strong after mentioned range break out.
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