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Tuesday, August 04, 2009

(1) Nifty Chart For 04/08/2009 ::


Nifty :: And Finally Nifty and Sensex both above bullish Inverted H&S neckline strong resistance level.. Hold the day in range trading, volume is quite low but in final hour near neckline breakout level volume increase and its give some hope for bulls.. Still overall daily volume is low , Nifty and Sensex both below 61% of entire fall retracement level .. Up to volume expansion and below 61% be careful at higher level.. Momentum is up that’s why our strategy for 4th Aug up to 4664 buy in deep (S.L 4635) Sell at high (S.L 4816).. Resistance for up move at 4740/4779/4788/4816.. Supports at 4664/4647/4635/ 4588…

Posted by MY CHART at 8/04/2009 02:30:00 AM

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