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Friday, May 23, 2008

(1) Nifty Chart For 23/05/2008 ::


Nifty :: Once again take good support at channel bottom.. As far as Nifty stay above channel support trend, nothing to worry.. Today Nifty made almost double bottom near 5010..Again 61% retracement magic.. Now for 23rd 5010 and 5000 both works as strong support and our long S.L at 4986.. Momentum turns strong only above 5122 till then our strategy for 23rd May. Buy on dip (S.L 4986) Sell at high (S.L 5122) OR Vice a versa Sell at High (S.L 5122) Buy on dip (S.L 4986).. Resistance for up move at 5056/5075/5100/5122/5138.. Supports at 5010/5000/4986/4972/4929. ..

Posted by MY CHART at 5/23/2008 01:23:00 AM

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