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Wednesday, July 22, 2009

(2) Nifty Chart For 22/07/2009 ::


Nifty :: And finally some consolidation take place near overbought zone as we say in yesterday post.. V shape rally required some more correction for healthy up move. As far as stay above strong support zone 4390/4377/4372 nothing to worry for bulls.. Now watch important resistance level 4495/4540 in up move and support zone 4390 to 4372.. All world indices in bullish mode that’s why avoid shorting near strong support zone.. Our strategy for 22nd July if Nifty turn down buy in deep (S.L 4372) Sell at high (S.L 4575).. If Nifty move up sell near resistance (S.L 4575) buy in deep.. Resistance for up move at 4495/4540/4564/4575.. Supports at 4390/4377/4372/4354/4320..

Posted by MY CHART at 7/22/2009 01:55:00 AM

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