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Wednesday, July 23, 2008

(1) Nifty Chart For 23/07/2008 ::


Nifty :: Now every thing is in control (Bullish). Political issue settled, Oil dropped down sharply, all world indices in green.. We say from last four days our chart set up also looking bottom out.. But.. As per our rule, when all are going to buy we are net seller .we are long from bottom. We give long commitment only after small correction which made higher bottom.. Till then we are net seller of our portfolio at every high.. Watch two strong resistance zone 4325 to 4372 And 4480 to 4550 .. Avoid buying at high, Our strategy for 23rd Jul buy on dip (S.L 4168) Sell at high.. In one level above 4235 momentum up , below 4235 momentum down.. Resistance for up move at 4325/4356/4372.. Supports 4215/4200/4168/4124/4100..

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