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Wednesday, May 13, 2009

(1) Nifty Chart For 13/05/2009 ::


Nifty :: Pre Election result rally..!!! We told in our yesterday post that as far as stay above 3525 nothing to worry for bulls, Nifty made double bottom at 3534 and move up fast… Be cautious at every high.. Still long bearish divergence is there.. Exactly same situation like 2007 December.. No dough about up move and that’s why stay in buy but only in deep with strictly S.L 3640 (OR above 3717).. Above 3717 momentum once again turns up for shot term.. Resistance for up move at 3703/3717/3732/3760/3802.. Supports at 3640/3625/3582/ 3534..

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