Rounding Bottom in Nifty - 24th Sep 09

Update at 3:18 PM:

Exited at 4983

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Update at 3:02 PM:

Target reached booked 75% at 4991. Still trailing with 25% but 5000 level is good resistance watch out.

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Nifty Intraday Chart - 5 mins:

Nifty formed a rounding bottom/cup and handle in intraday, also it took support from 50% retracement of the up move from 4908 to 4957 level. Break out with confirming volumes may led Nifty to 4983 level.