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Monday, September 22, 2008

(1) Nifty Chart For 22/09/2008 ::


Nifty :: After made double bottom and positive international news with world indices Nifty move up sharply and break one by one resistance at higher level. For 22nd Sep. in one level, above 4234 momentum seems up, below 4234 momentum down.. Up to 4367 Nifty is in corrective rally only.. Momentum is still up and that’s why our strategy for 22nd Sep buy in deep (S.L 4115) and sell at high (S.L 4403) .. Avoid buying at higher level buy only in deep. Watch strong resistance zone at higher level 4367 to 4403.. If market open too high near strong resistance zone, change strategy as sell at high (S.L 4503) buy on deep (S.L 4234).. Resistance for up move at 4267/4272/4300/4331 /4367/4403/4503.. Supports 4234/4178/4150/4115..
(As per our last week Sunday post primary wave B over at last Thursday and this up move start as C wave)

Posted by MY CHART at 9/22/2008 01:16:00 AM

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