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Thursday, January 8, 2009

Latest update of market

Hope you all must have njoyed our highly accurate market view. On 7january we told you all that market range is 3078-3148, breakout on eitherside will lead to sharp movement. And result is in front of you all.Nifty crashed after breaking the 3078 level,and touched an intraday low of 2880, exactly the support level given by us in weekly market view.

We adviced you all in weekly view that ,abv 3115 level on nifty,book profits in long positions as trend reversal can take place from high levels of 3115-3148, and watch the accuracy of our analysis, Nifty exactly taking u-turn from our level 0f 3148, so those who followed our advice are sitting on huge profits today,and those who followed others,are badly trapped in long positions held at 3100+ levels.

Now,nifty has major support at 2810 level,any closing below this level can make nifty touch more lower levels till 2665-2565 levels.
Nifty levels
Resistance-2964-2998-3015-3048
Support-2880-2845-2810-2790


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