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Thursday, June 04, 2009

(1) Nifty Chart For 04/06/2009 ::


Nifty :: Once again Nifty made an insider day with long legged Doji candle pattern.. Still break out and break down level same as yesterday.. Breakout level 4586 and breakdown level 4450...Treade only after breakdown or breakout level.. Above 4586 one more strong resistance at 4600 .. All daily and intraday indicator are in overbought zone that’s why our strategy same as yesterday for 4th Jun, up to 4586 sell at high(S.L 4600) buy on deep (S.L 4450) .. Resistance for up move at 4563/4586/4600/4650.. Supports at 4500/4478/4450/4400/4350..…(As we say in yesterday post in such kind of over bough zone be careful in up move and use tighten stop loss in buying)

Posted by MY CHART at 6/04/2009 01:54:00 AM

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