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Thursday, July 30, 2009

(1) Nifty Chart For 30/07/2009 ::


Nifty :: And finally Engulfing bear candle pattern work.. Nifty move down sharply from supply zone.. Still midterm momentum is up and that’s why buying seen in every decline.. But short term momentum turns negative after today’s candle.. Slowly-slowly as we say volume increase, and its good sign for our long bullish Inverted H&S pattern as far as Nifty stay above 4150.. Till then for short term our strategy for 30th July Sell at high (S.L 4625) buy in deep (S.L 4420).. Resistance for up move at 4529/4548/4594/ 4600/4625.. Supports at 4462/4420/4390/4338…

Posted by MY CHART at 7/30/2009 01:58:00 AM

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