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Friday, June 26, 2009

(1) Nifty Chart For 26/06/2009 ::


Nifty :: An Engulfing Bear candle pattern during down trend.. May be sign of shot term reversal pattern near support zone.. Conformation is today’s (26th Jun) close must be grater then yesterday (25th Jun) close .. If it is, then we see up swing up to 4416/4480.. But in larger mid term scenario momentum is down as far as stay below 4480...Still too many hurdle in between 4303 to 4386.. Now for up move watch strong support 4150.. If Nifty hold above 4150 then our strategy for 26th Jun buy on deep (S.L 4150/4143) Sell at high (S.L 4386).. Resistance for up move at 4280/4303/4329/4352/4368/4386/4416.. Supports at 4118/4150/4143/4076/3975..

Posted by MY CHART at 6/26/2009 02:14:00 AM

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