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Friday, March 06, 2009

(1) Nifty Chart For 06/03/09 ::


Nifty :: Made an Engulfing bear candle pattern in today’s trade.. (May be this one is last bearish candle if next candle close above today’s real body low ) In initial trade Nifty try to hold double bottom support 2611 but unable to hold this support and once break it move down sharply up to strong multiple support zone.. For 6th Mar watch strong support zone in between 2550 to 2522, below it next strong support zone 2508 to 2500.. Our strategy for 6th March if open flat sell at high buy on deep, If open gap down watch two strong support zone and buy in deep (S.L 2460) Sell at high.Avoid shorting at lower level. Resistance for up move at 2611/2645/2661/2668.. Supports at 2550/2505/2480/2460 ..

Posted by MY CHART at 3/06/2009 01:52:00 AM

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