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4890 Remains the Key EOD Support
25 October 2009
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GANN FAN Principles are applied to long term nifty charts. Nifty nears long term gann support ternd line approximately very closer to 4890 which nifty is tring to hold since 18th Sep 2009. Failure to hold or bounce back from this levels is bearish. very Short term traders could use this point to long their trades in nifty with tight stop loss.
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Nifty Spot Price : 5082Nifty and its technical indicaters are in bearish mood. So Niftywill try to crack 5000 levels. But technical Support seem to be at4990 levels or roughly spoken technical support at 16800(sensex). Soone can expect a back from ...
Written by:
Rajandran R
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NAMASTE RAJENDRAN SIR. I AM YOUR HARD CORE FOLLOWER. I AM FOLLWOING UR BLOG FROM THE BEGINING AND LEARNED MANY THINGS. BUT THIS GANN IS NEW TO ME. IF POSSIBLE PLEASWE THROUGH SOME LIGHT ON GANN.THANK YOU SIR.YOURS BRAHMAIAH