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Tuesday, June 08, 2010

[indianstockmarket] Inverted Head and Shoulder formation in NIFTY [1 Attachment]

 
[Attachment(s) from uttam saraf included below]



Hello everyone,
 
There is an Inverted "Head and Shoulder" formation in NIFTY which is a bullish sign for short term. If Nifty donot sustain below 4875-4930 on 2 day closing basis one may expect 5400-5525 in Nifty. Yes immediate 500 points upside in NIFTY.
 
But if suppose it was a failure and sustained below 4875 and breaks 4700-4790 intraday then one may expect big panic. the fall may be upto 4500,3800-3600 in NIFTY.
 
Overall we have already said one big fall expected in NIFTY. 20-35% fall in NIFTY.
 

Uttam Saraf

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Attachment(s) from uttam saraf

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