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Tuesday, July 08, 2008

(1) Nifty Chart For 08/07/2008 ::


Nifty :: Open above downward small channel break out level and move up with less volume.As we say 4110 works as strong resistance and it is.Last candle made too many bearish signal An inverted hammer,A long upper shadow,A shooting star,A spinning top..!! Still 4110 works as strong resistance and Nifty below big (Red) falling channel.. Now for upswing required breakout with volume above 4110… 3950 is breakout level of small falling channel and its works as strong support.. Up to 3950 our strategy for 8th Jul. buy on dip (S.L 3950) Sell at high.(S.L 4110)...Supports at 4000/3950/3940/3900.. Resistance for up move at 4067/4110/4154/4195..

Posted by MY CHART at 7/08/2008 01:36:00 AM

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