(1) Nifty Chart For 21/02/2008 ::
Nifty: After A Spinning top & a long upper shadow Nifty gave major correction. Nifty and Sensex both found strong resistance at higher level which we mentioned on our last Friday post. An interesting pattern formed in Nifty and Sensex chart. A higher bottom and a lower top, made triangle pattern in rising channel. Still it is holding above 200 day EMA. Any side break out will give major up or downward target. Best possibility may be Nifty may hold at this level and give breakout for up move which we have drawn in chart as red arrow. Lets see what happens in coming days till then our Strategy for 21st Feb. Buy on dips (with strictly S.L 4982) sell at high (S.L 5336
for all other people calls please trade at your own risk