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Friday, September 19, 2008

(1) Nifty Chart For 19/09/2008 ::


Nifty :: Take support near last bottom and made Long Lower Shadow candle. This is typically bullish signal when it occurred near strong support area with positive news. Also made double bottom.. Now for 19th Sep. watch strong resistance 4116 and 4150 momentum turn up above 4116 and turn strong above 4150.. Our strategy for 19th Sep. Buy on deep (S.L 3990) Sell at high (S.L 4267).. Still Nifty is in falling channel and small channel breakdown area works as strong resistance for up move, that’s why avoid buying at gap up opening wait for some correction then buy with strictly stop loss.. Resistance for up move at 4088/4116/4150/4177/4233/4267.. Supports 3990/3943/3930/3825/3800..

Posted by MY CHART at 9/19/2008 01:24:00 AM

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