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  #51 (permalink)  
Old 3rd October 2007, 02:53 PM
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HOURLY closing to be kept in mind


Date 10/03/07 time 1.50 pm
Hi all ,
we are closing in for the 2.00 pm closing. The nifty si certainly going to give us a sell signal on hourly charts. Two things happen because of this. The first thing can happen is that the market will drift lower then where it closes at 2.00 pm and the other that can happen is that it may do a comeback from that level and at 3.00 we may be given a buy signal agan on huorly charts at 3.00 pm. Our first aim is to safegaurd capital and with that in view i suggest that we start etting out of our hll position at least i am getting off. People who are bolder can wait till 3.00 to decide i for one believe that "discretion is always the better part of valour " and so i am out of here.
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