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Wednesday, August 05, 2009

(1) Nifty Chart For 05/08/2009 ::


Nifty :: Exactly match pattern like Jun 2008.. As we say in last post once again Nifty take support at strong support zone and move up with volume. And its good sign for bullish Inverted H&S pattern. Now for 5th Aug watch strong support zone in between 4644 to 4630...And resistance zone 4730 to 4788.. Be careful at higher level up to 61% retracement level of entire fall 4788. Our strategy for 5th Aug same as yesterday up to 4630 buy in deep (S.L 4630) Sell at high (S.L 4821) .. Resistance for up move at 4730/4740/4788/4821.. Supports at 4667/4644/4630/4620/4570..

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