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Friday, August 01, 2008

(1) Nifty Chart For 01/08/2008 ::


Nifty :: Rang treading activity seen in last day of Fno Settlement .. Close smoothly with positive bias. Still Nifty above raising channel, facing strong hurdle at higher level… Watch two strong resistances for 1st Aug. 4357/4379.. Momentum turns up only above 4379 and strong only above 4457... Down side strong support at 4282/4256.. Our strategy for 1st Aug. Sell at high (S.L 4379) Buy on dip (S.L 4256).. Resistance for up move 4357/4363/4379/4400/4457.. Supports 4300/4282/4256/4228/4128..
(As we Say on yesterday post Oil once again turn down from $126 as far as stay below $126 momentum down)

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