Market may reverse tomorrow afternoon

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  #1  
Old 6th June 2006, 05:01 PM
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saurabh.malhotra is on a distinguished road
Arrow Market may reverse tomorrow afternoon



Keep Cash Nifty Stoploss of 2800 and BUY


Hourly Charts show divergence in RSI Nifty Buy

Cash Nifty may bottom out at 2800-2850?? Beware

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File Type: gif NSE NiftyHourly 060606.GIF (37.6 KB, 59 views)
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  #2  
Old 6th June 2006, 06:35 PM
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ravi1967 is on a distinguished road
Default Re: Market may reverse tomorrow afternoon

hai, i concur with your views.please apply caution till nifty spot closes above 3300 for atleast 2 days in a row, and then safely enter longs.seniors please comment on this TA charts.
bye

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  #3  
Old 6th June 2006, 10:58 PM
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meenakshee is on a distinguished road
Default Re: Market may reverse tomorrow afternoon

Hello,
Market looks very weak. If Nifty breaks the 200 Dma and closes below it then we are most probably heading towards 2775.Thanks

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  #4  
Old 6th June 2006, 11:08 PM
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Default Re: Market may reverse tomorrow afternoon

Hello everyone,
Wat Saurabh has said is obviously an interesting possibility---Butits better to remain Cautious till the US Fed rates r out on 10th---I think if Nifty Spot can sustain withen 2850---then its a sure call on long(This is obviously for aggresive Traders)I think there will be a possible trend reversal---after 12th(by which time there will be hopefully significant amount of sorts)---
Regards,
joy_mitali

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  #5  
Old 7th June 2006, 02:07 PM
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Default Re: Market may reverse tomorrow afternoon

Looking at the chart above it looks like an inverted cup with handle. As long as the support at 2890 holds fine else....

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