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Friday, June 13, 2008

(1) Nifty Chart For 13/06/2008 ::


Nifty :: Today Nifty made bullish Hammer & Long lower shadow candle pattern.. After sharp opening correction lots of value buying seen at lower level .. Again Nifty near to strong resistance zone and breakdown level.. Daily and all intraday charts still good.. Our strategy for 13th Jun buy on dip (S.L 4370) Sell at high (S.L 4738).. In such kind of side way momentum and uncertainty of world market avoid buying at higher level and avoid shorting at lower level.. Resistance for up move at 4558/4578/4628/4638/4674/4690/4738.. Supports at 4497/4468/4403..

(In one level above 4543 momentum up below 4543 momentum down)

(Dow made double bottom on 6th and 9th Jun.. and again 11th and 12th Jun made double bottom near 12077 in intraday chart,It seems bulls are trying to hold market here if they succeed , may be we see good relief rally in coming days)

Posted by MY CHART at 6/13/2008 01:37:00 AM

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