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Wednesday, April 16, 2008

(1) Nifty Chart For 16/04/2008 ::


Nifty :: As we say in yesterday post 4695 works as good support and if stay above it we see good up move in coming days. And today Nifty and Sensex both turn up from first support.. Now too many hurdle for up move, once break 4913 next strong resistance zone start near 4971/5015/ and last strong hurdle for Nifty at 5045.. All three resistance works as strong hurdle for up move that’s why we change our strategy for 16th April.. Sell at high (S.L 5051) buy on dip (S.L 4689).. Supports at 4708/4689/4628…In Nifty above 4913 momentum up and in Sensex above 16175 momentum up..

Posted by MY CHART at 4/16/2008 01:56:00 AM

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