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Thursday, May 07, 2009

(1) Nifty Chart For 07/05/2009 ::


Nifty :: After an Doji pattern we clearly indicate in our yesterday post that all situation against bulls.. And Nifty sharply fall down from high.. Close above 3600 give some hope for bulls.. Momentum not looking good as per today’s trade.. In one level above 3627 momentum seems up, below 3627 momentum down.. Watch three strong resistance at higher level 3717/3732/3757.. Up to 3752 our strategy for 7th May sell at high (S.L 3752) Buy on deep (S.L 3580) .. If market open flat and hold support 3600 then change strategy as buy on deep (S.L 3580) sell at high .. Resistance for up move at 3664/3717/3732/3752/3800.. Supports at 3600/3580/3522/3466/3420..

Posted by MY CHART at 5/07/2009 02:02:00 AM

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