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Thursday, May 21, 2009

(1) Nifty Chart For 21/05/2009 ::


Nifty :: As per our yesterday post Nifty made an insider bar with negative bias after counterattack candle pattern.. Volume still at high even in side way momentum.. Still major breakout and breakdown level same as yesterday 4510/4167..Watch minor breakout level 4320/4363 and minor breakdown level 4244/4216 .. In side way momentum always book profit fast, hold your position only after major breakdown or breakout level.. We clearly indicate negative bias in yesterday post that’s why our strategy below 4363 sell at high (S.L 4363) Buy on deep (S.L 4167).. Resistance for up move at 4320/4363/4510.. Supports at 4244/4216/4167/4137/4022..

Posted by MY CHART at 5/21/2009 01:34:00 AM

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