WEEKLY NIFTY VIEW
>> Saturday, July 17, 2010
TECHNICAL VIEW
NIFTY FORMED HEAD & SHOULDER PATTERN NECKLINE COMES
NEAR 5370
HEIGHT OF 90 POINTS
BREAKING BELOW 5365 WILL LEAD TO 5305-5285
BREAKING ABOVE 5375 WILL LEAD TO 5455-5475
AND TWO CLOSING BELOW 5204 CONFIRM REVERSAL OF
TREND WITH MINIMUM TARGET OF 5055. WE EXPECT
Nifty is getting a strong support close to the levels of 5355 to 5370
for next week upper targets are 5470
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