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Wednesday, January 02, 2008

(1) Nifty Chart For 02/01/2008




Nifty :: Still unable to cross new high.. Today Nifty made an insider bar with a spinning top.. In one level above 6163 momentum up below 6124 momentum down.. ( In Sensex now our buying S.L 20,220.. below it momentum down and above 20,500 momentum up).. Trade only after break out of 6163 or 6124.. Till then wait and watch..Daily chart ok but still intra day chart given bearish divergence…Resistance for up move at 6163/6168/6196/and strong resistance 6252.. Supports for down side at 6124/6073/6056

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