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Tuesday, April 28, 2009

(1) Nifty Chart For 28/04/2009 ::


Nifty :: Sensex and Nifty both made higher high today but Sensex close above last high and Nifty close below it . Once again Nifty made a Spinning top candle pattern at resistance zone.. From last three days we constantly indicate such kind of situation with highlighted white color.. Slowly-slowly both indices made an negative divergence at higher level.. As far as hold above 3384 situation under control for bulls.. For 28th April watch two level above 3467 momentum seems up below 3450 momentum down .. Our strategy for 28th April above 3467 buy on deep (S.L 3450) Sell at high.. Below 3450 sell at high (S.L 3467) Buy on deep (S.L 3384).. Resistance for up move at 3512/3518/3543/3572/ 3610/3636… Supports at 3450/3431/3400/3384

(Be careful at higher level Nifty heading towards target level and enter in strong resistance zone.. All indicators are in overbought zone with negative divergence. Book profit at every high and avoid to give long commitment at higher level)

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