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Tuesday, February 17, 2009

(1) Nifty Chart For 17/02/2009 ::


Nifty :: We clearly indicate such kind of correction in our yesterday post ..Nifty exactly close at strong support 2848.. Selling pressure seems near 61% correction level and unable to give breakout of this resistance level ... Now watch strong support for 17th Feb in between 2780 to 2722.. Last hope for this upward movement at 2722 (rising channel bottom).. In one level above 2848 momentum seems up, below 2839 momentum down.. Our strategy for 17th Feb Below 2839 sell at high (S.L 2877) buy on deep and above 2848 buy on deep (S.L 2839) sell at high.. Resistance for up move at 2877/2894/2906/2936/ 2961.. Supports at 2815/2780/ 2762/2750/ 2722..(Avoid shorting near highlighted support zone)

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