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Monday, July 28, 2008

(1) Nifty Chart For 28/07/2008 ::


Nifty :: Today we draw rising channel as blue color. As far as Nifty stay above this channel mid term momentum up. But in short term find strong resistance as we say from last two days post above 4500.. For 28th Jul watch 4250 below 4297 strong support at 4250/4208/4164.. And for up move watch strong resistance at 4342 .. In one level below 4342 momentum down above 4342 momentum up.. Our strategy for 28th Jul. Sell at high (S.L 4342) buy on dip (S.L 4164).. Resistance for up move at 4342/4375/4460/4510.. Supports 4250/4208/4196/4164/4090/4075

(In Sensex Island reversal pattern formed and that’s why avoid buying without conformation)

Posted by MY CHART at 7/28/2008 01:09:00 AM

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