(1) Nifty Chart For 11/02/2008 ::
Nifty: Still Nifty & Sensex both are trading around 200 day EMA. Strategy for 11th Feb. same as from last three days. Buy on dips & sell at high (with S.L 4990). In one level above 5090 momentum seems up but below 5090 momentum seems down. Resistance for up move may come at 5160/5196. Above 5196 it seems Nifty may move up, up to next resistance 5270. Once it breaks 5270 momentum turns strong, up to next resistance level of 5360. Strong support may come at 5093/5003/4990/4870.
(In Sensex momentum may turn strong only above 17690 & target 18050/18070. Above it next target may be 18275/18500)
Sunday, February 10, 2008
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