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Wednesday, October 03, 2007

(1) Nifty Chart For 03/10/07



Nifty : Look at rsi value in chart.. Above 83..All indicator in highly over bought zone. .Avoid fresh buying at higher level. Buy at some decline and sell at high. Still momentum up.. But intraday chart give some negative divergence.. Supports for down side at 5050/5040 and strong support at 5006/4996.. Below 4996 some weakness seen till then buy on deep sell at high.. Resistance for up move at 5096/5123/5168/5174. 5168 to 5174 work strong resistance.. Trade with our Nifty cash buy sell level which are given above Nifty chart..

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