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Thursday, December 11, 2008

(1) Nifty Chart For 11/12/2008 ::


Nifty :: Break out of triangle give more thrust in yesterday trade. Made body gap up belt hold line bull candle.. As we say from 2500 bottom momentum still up but we are in corrective up swing move and that’s why use titan S.L in our bottom fishing buy.. Now our long S.L at 2700.. OR if Nifty face strong resistance near 2961/2978 then sell it and buy again in deep (Close above 2978 given more thrust for up swing in coming days).. In one level above 2931 momentum seems up. Below 2931 momentum down.. Still our strategy same as yesterday up to 2861 buy on deep (S.L 2786) sell at high.. Resistance for up move at 2961/2978/2997/3058/3095.. Supports 2900/2856/2800/2786/2700..

Posted by MY CHART at 12/11/2008 08:56:00 AM

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