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Thursday, November 20, 2008

(1) Nifty Chart For 20/11/2008 ::


Nifty :: At oversold level small recovery seen in morning trade but unable to hold in green and once again Nifty close in red. Sensex already close below important support 8930.Nifty exactly close near important support 2633.. Below it no hope for bulls up to 2546.. Watch strong support at down side 2546/2500/2450.. In Sensex watch strong support 8500/8340.. As we say from last one week short term momentum down but as far as stay above 2450 mid term momentum still up.. Our strategy for 20th Nov. below 2633 sell at high buy on deep.. Avoid shorting near 2500/2450 level.. Resistance for up move at 2650/2740/2793/2825.. Supports at 2570/2546/2500/2450..

Posted by MY CHART at 11/20/2008 08:03:00 AM

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