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Thursday, March 12, 2009

(1) Nifty Chart For 12/03/2009 ::


Nifty :: An insider bar with low volume in last Monday trade.. As per our Dow Jones weekly post Dow recover fast from low with all world indices.. In Nifty still too many strong support at lower side with oversold indicator.. For 12th Mar watch strong support zone 2522 to 2555 and next strong support 2505/2466..In one level above 2570 momentum seems up, below 2570 momentum down..Our strategy for 12th March up to 2505 buy on deep (S.L 2466) Sell at high (S.L 2641)..Close above 2641 next target 2700/2755/2800.. Resistance for up move at 2616/2628/2641/2700/2704.. Supports zone at 2555 to 2522/2505/2466..

Posted by MY CHART at 3/12/2009 01:48:00 AM

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