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Friday, April 17, 2009

(1) Nifty Chart For 17/04/2009 ::


Nifty :: And an Engulfing bearish candle pattern occurred during high.. As usual overbought zone required some correction or consolidation for further up move.. Watch important level 3396 for resistance, and 3354/3331 for support.. Above 3396 momentum seems up ,or as far as stay above 3354 momentum seems up, below 3354 momentum down.. Our strategy for 17th April up to 3354 buy on deep (S.L 3331) Sell at high .. Or if open gap up our strategy sell at high (S.L 3524) buy on deep.. Resistance for up move at 3396/3417/3455/3510/3524.. Supports at 3354/3331/3300/3288/3236/3184/ 3172..

(17th April may be an insider day after huge volatility)

Posted by MY CHART at 4/17/2009 01:33:00 AM

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