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Thursday, February 05, 2009

(1) Nifty Chart For 05/02/2009 ::


Nifty :: Uncertainty at higher level made high wave and inverted hammer bullish candle pattern with shooting star bearish pattern . Required breakout or breakdown any side (Breakout level 2885 & Breakdown level 2660).. As per our weekly post as far as stay above 2660 momentum is up but facing strong resistance near multiple top.. For 5th Feb watch support 2783 and resistance 2815.. Below 2783 momentum seems down, above 2815 momentum up.. Our strategy above 2815 buy on deep and below 2783 sell at high.. Resistance for up move at 2820/2852/2880/2885.. Supports 2783/2750/2716/2700/2692..

Posted by MY CHART at 2/05/2009 02:30:00 AM

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