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Friday, November 21, 2008

(1) Nifty Chart For 21/11/2008 ::


Nifty :: Sensex finally hold last support 8340 and close above it,. Today we plot here more deep analysis and draw path of Nifty in coming days with all supports and resistance.. Watch carefully 2500 & 2450 level below it more weakness seems in coming days up to last low 2252. Below it Nifty turn down and find support within 2/3 day’s as we draw in red color.. Time wise Nifty move up from 2252 to 3240 in just seven days and still hold above 75% correction level after 10 day’s. And that’s why as per technical terms still we says mid term momentum up. Any deep correction give us buying opportunity for mid term prospective.. For 21st Nov. watch one level 2541, Above it momentum seems up below it down.. Resistance for up move at 2634/2680/2709/2732/2784.. Supports 2541/2500/2450..
(Dow once again breaks last Oct. low in yesterday trade)

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