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Thursday, July 02, 2009

(1) Nifty Chart For 02/07/2009 ::


Nifty :: After an Engulfing bear candle pattern Nifty move up form support level and close above yesterday close.. As per our yesterday post heavy volatility seen before budget in intraday treading.. Be careful in buying if Nifty open gap up, up to budget we see side way momentum.. For 2nd July watch strong resistance zone in between 4382 to 4400, and above it 4480 to 4492.. Our strategy for 2nd July up to 4492 Sell at high (S.L 4492) Buy on deep (S.L 4266).. Resistance for up move at 4382/4400/4440/4480/4492.. Supports at 4300/4266/4250/4161..

Posted by MY CHART at 7/02/2009 01:49:00 AM

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