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Tuesday, July 22, 2008

(1) Nifty Chart For 22/07/2008 ::


Nifty :: As we say on yesterday post technically strong set up seems in daily chart ,given break out of channel resistance in last hour.But still we are waiting for higher bottom higher top formation.. (With this set up vote of confidences) work as big hurdle for up swing. That’s why we advice avoid market for time being or trade with small quantity. Book profit at higher level.. Watch strong resistance zone 4216 to 4235 and strong support zone 4125 to 4111.. Our strategy for 22nd Jul. Sell at high (S.L 4235) buy on dip (S.L 4111).. Resistance for up move at 4216/4225/4235/4340/4366/4378.. Supports 4145/4125/4111/4050/4022/3978/3933..

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