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Friday, August 22, 2008

(1) Nifty Chart For 22/08/2008 ::


Nifty :: Once again Nifty enter in strong, last breakout level, supports zone.. Made an engulfing bear candle in down trend.. May be its bullish sign, as per technical for bullish structure required next candle close above last candle red body.. In one level above 4303 momentum seems up, below 4275 momentum down.. Our strategy for 22nd Aug. in support zone buy on dip (S.L 4208) Sell at high (S.L 4400).. Resistance for up move at 4303/4316/4365/4380/4390/4400.. Supports at 4275/4258/4220/4208/4118… (Oil And Gold both enter in strong resistance zone)

Posted by MY CHART at 8/22/2008 12:48:00 AM

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