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Wednesday, May 20, 2009

(1) Nifty Chart For 20/05/2009 ::


Nifty :: After an sharp up move today Nifty made an bearish counterattack line candle pattern, An spinning top bearish candle pattern.. Careful in up move may be sharp correction from here OR as we say in Monday post after sharp up move side way momentum for one or two days with an insider bar ..Watch breakout level (resistance) for up move 4510 and breakdown level (support level) for correction 4167.. Till then our strategy for 20th May sell at high (S.L 4510) buy on deep (S.L 4167).. OR near support buy on deep (S.L 4167) Sell at high (S.L 4510).. Resistance for up move at 4510/4622/4786.. Support 4167…

Posted by MY CHART at 5/20/2009 02:19:00 AM

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