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Wednesday, April 29, 2009

(1) Nifty Chart For 29/04/2009 ::


Nifty :: After spinning top candle pattern Nifty made an long black candle.. Nifty break an important level 3384 and that’s why short term momentum turns bearish.. May be on settlement day Bulls try to hold strong support zone in between 3301 to 3286.. If it is, we see an interesting flag pattern in coming day’s.. As far as stay above 3286 our strategy for 29th April buy on deep (S.L 3286 hold short if break 3286) Sell at high (S.L 3426).. If Nifty move up change your strategy as sell at high (S.L 3426) Buy on deep.. Momentum once again change for short term if Nifty break 3426 and close above it.. Resistance for up move at 3412/3426/3434/3454/3518.. Supports at 3350/3301/3296/3286/3240/3175..

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