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Monday, October 13, 2008

(1) Nifty Long Term Chart For Coming Month ::


Nifty :: We plot here long term Nifty chart. Nifty given breakout of long term channel in middle of year 2005.. Now again heading towards channel top support ..Channel top works as strong support near 2676/2600.. In between too many strong supports comes on the way. Strong supports 3192/3147/3058/2900/2796... May be any of this level works as short term bounce beck level from extreme over sold zone..

For 13th Oct..avoid shorting at lower level.. Still our strategy same .Sell at high up to 3399 (S.L 3463) buy on deep.. Resistance for up move at 3330/3377/3399/3463.. Supports zone at 3320 to 3230/ 3192/3147/3068/3058…

Posted by MY CHART at 10/13/2008 01:21:00 AM

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