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Thursday, July 17, 2008

(1) Nifty Chart For 17/07/2008 ::


Nifty :: Due to lower low up move can’t sustain at higher level once again selling pressure seen at higher level.. But find strong support near our second strong support 3793 .. Once rally start we look only strong channel hurdle near 4106/4124.. And after that higher low higher top for short term up swing.. We clearly seen positive divergence in all world indices from last two day’s and that’s why we told don’t short at lower level in our Tuesday post, and it is.. After sharp fall of Oil all worlds market move up sharply.. Our strategy for 17th Jul same as yesterday buy on dip (S.L 3750) sell at high (S.L 4124)..In one level above 3800 momentum up, below 3800 momentum down. Resistance for up move at 3840/3865/3896/3920/3937/4000/4106/4124.. Supports 3800/3787/3750..

Posted by MY CHART at 7/17/2008 01:55:00 AM

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