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Friday, May 17, 2013

probable path of nifty

probable path of nifty for next 12-15 sessions

resistance and long term support lines meeting near 6538 levels

5970 will be solid support

after ns reaches near 6538 levels expanding triangle will come into play

if could not break abv it decisively then may probably dip towards lower T/L  of expanding triangle below 5400 levels

this is just a guideline i am inferring from chart patterns and i may be totally wrong also

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