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Thursday, July 26, 2007

(1) Nifty Chart For 26/07/07



Nifty : In last day of F&O settlement bulls once again active at lower level.. Nifty bounce beck sharply from lower level.. One by one we see weakness in daily chart.. Today some weakness seen in RSI indicator.. Turn down from overbought zone above 80 to 73 .Still Wolfe wave alive.. Every up move give chance for investor to exit from there long position.. May be last day of settlement close smoothly.. Most important level for 26th July 4584… Above 4584 momentum up.. Below 4584 momentum down..Strong support 4560/4554/4528.. Resistance for up move at 4594/4601/4620/4664.. Trade with our Nifty spot buy sell level..

Posted by MY CHART at 7/26/2007 02:17:00 AM

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