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Thursday, August 07, 2008

(1) Nifty Chart For 07/08/2008 ::


Nifty :: Exactly correct just below our highlighted first resistance level and made too many bearish candle pattern., An Inverted Hammer,A Spinning top,A Shooting star,A long upper shadow.. Mid term momentum still up, may be some consolidation at current level with short term negative bias.. Watch important level 4516 above it momentum up, below 4516 momentum down.. Next important supports comes at 4485/4480, below it strong support near 4446 and last two strong breakout support at 4404/4385.. Resistance for up move at 4540/4624/4631/4716.. Our strategy for 7th Aug. Buy on dip(S.L 4385) Sell at high (S.L 4631)..

Posted by MY CHART at 8/07/2008 02:08:00 AM

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