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Wednesday, September 17, 2008

(1) Nifty Chart For 17/09/2008 ::


Nifty :: We clearly mention in yesterday post. Avoid selling at lower level. Intraday chart looking extremely in oversold condition. And a result Nifty last candle made Long Legged Doji, Thrusting line bullish pattern at support. But at higher side too many resistances is there, that’s why avoid buying at higher level, Momentum turns strong only above 4241, Strong support zone (4110 to 4150) also works as strong resistance zone in upward move. Our strategy for 17th Sep. Buy only at deep (S.L 4022) Sell at high (S.L 4241).. Resistance for up move at 4126/4131/4165/4200/4241.. Supports at 4062/4022 /3971/3942/3930….

Posted by MY CHART at 9/17/2008 01:48:00 AM

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