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Thursday, July 31, 2008

(1) Nifty Chart For 31/07/2008 ::


Nifty :: Once again an insider bar with positive bias.. As we say on 29th post mid term momentum up and after sharpe decline we see today strong up move.. Once again Oil turn up from our support level $121 , 2nd time. Nothing too worry for this up move may be its corrective move only..Nifty facing strong resistance zone above 4400.. Watch 4418/4470.. This two resistance works as strong resistance.. Avoid buying in between this two resistance .. Give long commitment only above 4470.. Till then our strategy for 31st Jul. Buy on dip (S.L 4220) sell at high (S.L 4470)..In one level above 4321 momentum up, below 4321 momentum down… Resistance for up move at 4321/4352/4365/4418/4470.. Supports 4285/4220/4186/4134

Posted by MY CHART at 7/31/2008 01:47:00 AM

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