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Wednesday, July 29, 2009

(1) Nifty Chart For 29/07/2009 ::


Nifty :: Supply zone again works as strong resistance for up move.. Nifty last candle made An Engulfing bear, Spinning top candle pattern, a bearish sign near top. Positive sign is volume, gradually moving up even in side way movement, given support for breakout of Inverted H&S pattern. For 29th July Watch two strong support 4528/4507.. Still higher level works as strong resistance and that’s why our strategy for 29th July sell at high (S.L 4700) buy in deep (S.L 4507).. Resistance for up move at 4615/4632/4652/ 4700.. Supports at 4528/4507/4490/4464…

Posted by MY CHART at 7/29/2009 02:02:00 AM

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