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Thursday, February 28, 2008

(1) Nifty Chart For 28/02/2008 ::


Nifty :: Given breakout of triangle.. But could not sustain above it.. Made exact double top at 5368 and fall down sharply and formed A long upper shadow formation.. This is typical a bearish signal at high or at resistance level.. Now for up move required 5368 to break.. Till then our strategy Sell at high ( at resistance) and buy on dip.. Watch 5300 above 5300 momentum up ..Below 5254 momentum down..Still strong channel support at lower level.. Please don’t short at lower level.. Supports for down side at 5245/5230/ and strong support 5130/5103 .. Resistance for up move at 5300/5368/5420/5455..

Posted by MY CHART at 2/28/2008 04:34:00 AM

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