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Thursday, November 06, 2008

(1) Nifty Chart For 06/11/2008 ::


Nifty :: We clearly says in our last two days post that avoid buying at high, and finally V shape Nifty rally made an Engulfing Bearish candle pattern near our first strong resistance 3242.. Still mid term momentum looking up but short term momentum once again tern down.. Watch important support 2866/2750/2633.. Any time bounce beck may be possible from this level within two three days.. Till then our strategy for 6th Nov. Sell at high (S.L 3138) buy on deep.. Resistance for up move at 3036/3051/3138/3171.. Supports at 2957/2921/2885/2866/2791/2750/ 2633.. (Please don't give any long commitment without conformation )

Posted by MY CHART at 11/06/2008 02:12:00 AM

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