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Sunday, March 01, 2009

(1) Nifty Chart For Comming Week ::


Nifty :: Minor positive close in weekly chart with bullish candle pattern High Wave & Thrusting Line.. In Daily chart last Friday candle also made an Hammer & High Wave bullish pattern but from last three day’s constantly trade in between 2700 to 2800 level.. Bulls forcefully try to hold last low 2661 but Nifty face strong resistance near 2800 level.. In coming week may be we see major up or down swing of 200/300 points.. Watch breakout level for up swing 2800 and breakdown level for down swing 2661.. For next week hold short below 2661 and hold buying position above 2800 with strictly stop loss.. Till then our strategy for 2nd March sell at high (S.L 2800) buy in deep (S.L 2661).. In one level above 2776 momentum seems up below 2776 momentum down.. Resistance for up move at 2776/2804/2823/2858/2898.. Supports 2730/2718/2680/2661..

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