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Wednesday, August 08, 2007

(1) Nifty Chart For 08/08/07



Nifty :.. As we say on yesterday post Nifty open high and come down during day.. Three candle pattern occurred.. First A long upper shadow ,Second A Shooting Star both are bearish and third one An Inverted harmer bullish pattern during down trend.. Lets see what happen on 8th … Close below today’s candle we see more down side close above today’s candle we see more up side up to 4502 in coming day’s.. Look in chart RSI try to take support near last bottom.. Any thing could be happen we go with trend only.. Still to many hurdle for up move at 4389/4405/4435/4488.. Above 4389 we see some strength in Nifty.. Any up move we thing its pull beck only so we advice our visitor once again please don’t stay over night in your buying position.. Support for down move at 4340/4328/4320/4296.. Trade with our Nifty cash buy sell level which are given above Nifty chart..

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