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Tuesday, May 05, 2009

(1) Nifty Chart For 05/05/2009 ::


Nifty :: We clearly indicate in our 28th post that if market bounce beck from 3300 then its create interesting Flag pattern .. Today Nifty firmly given break out of flag pattern and even close above rising channel top.. Flag pattern breakout target above 3700.. Be careful in extended overbought rally, all daily indicator made an bearish divergence.. Avoid buying at high. Watch strong resistance 3711/3732.. Still momentum is up and that’s why our strategy buy in deep ( S.L 3575) Sell at high (S.L 3732).. Resistance for up move at 3673/3711/3732/3811.. Supports at 3620/3575/3520/3400..

Posted by MY CHART at 5/05/2009 01:34:00 AM

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