(1) Nifty Chart For 29/02/2008 ::
Nifty: After double top Nifty moved down nearly 150 points from top. Today Nifty chart has made two candle patterns. One is engulfing bullish line and second one is spinning top. No clear direction yet. Still Nifty is above rising channel. Our strategy for 29th Feb., buy on dips (S.L 5128 on closing basis) sell at high (S.L 5368). Any side hitting of S.L with closing basis will give major up or downward moment. Supports for down side may come at 5236/5205/ and strong supports 5166/5128. Resistance may come at 5300/56348/5415.
Friday, February 29, 2008
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