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Wednesday, July 01, 2009

(1) Nifty Chart For 01/07/2009 ::


Nifty :: Exactly move as we draw blue arrow in our 26th post. After Spinning top Nifty made an Engulfing bear candle pattern.. !!.. Its mean once again may be we see bounce beck for bottom.. Be careful at lower level near H&S breakdown level.. May be bulls try to hold this support before budget, and we see side way momentum for 2-3 day’s.. Now hold short only when Nifty close below last pivotal low and H&S breakdown level 4143 (Sensex H&S breakdown level 14166 & Pivotal low 14016)..Till then enjoy before budget volatility .. Our strategy for 1st July up to 4158, Buy on deep (S.L 4143) Sell at high (S.L 4393)… Resistance for up move at 4320/4334/3477/ 4393.. Supports at 4218/4158/4143/4092/4080..

Posted by MY CHART at 7/01/2009 02:04:00 AM

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