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Friday, July 10, 2009

(1) Nifty Chart For 10/07/2009 ::


Nifty :: As we say in yesterday post momentum turns up before our strong support zone.. Nifty made an Thrusting Line, Long Legged Doji bullish candle pattern.. Now as far as stay above 4040 momentum seems up for short term .. But still mid term momentum down.. Too many resistance for up move near H&S breakdown level and that’s why avoid buying at high, buy only in deep with strictly stop loss for intraday only.. For positional trader watch for shorts at every high near H&S breakdown level 4176.. Our strategy for 10th July if Nifty open down buy on deep (S.L 4018) Sell at high (S.L 4200).. Resistance for up move at 4115/4141/4162/4176/4191/4200.. Supports at 4040/4018/ 3969/3956/3931/3877..

Posted by MY CHART at 7/10/2009 01:53:00 AM

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