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Friday, March 20, 2009

(1) Nifty Chart For 20/03/2009 ::


Nifty :: Once again an insider day with low volume.. Nifty and Sensex both constantly face upper end of channel resistance.. As we say in yesterday post correction due any time.. Be caution at higher level..Now momentum turns up only above 2841.. For 20th March watch first resistance 2813..And support 2838/2723.. In one level above 2813 momentum seems up, below 2813 momentum down.. Our strategy for 12th March Sell at high (S.L 2841) buy on deep (S.L 2723).. Resistance for up move at 2813/2841/2873 /2888.. Supports at 2779/2752/2738/2723/2690/2668..

(As per our last week post Dow Jones up almost 20% from bottom,now required one healthy correction for upswing)

Posted by MY CHART at 3/20/2009 02:49:00 AM

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