(1) Nifty Chart For 14/08/2009 ::
Nifty :: Yesterday Hammer candle pattern given thrust in up swing with volume. Be careful once again Nifty enter in strong supply zone. Required major breakout of 4736 with volume to give support of Inverted Head and Shoulder pattern.. Till then watch strong resistance zone 4678 to 4736.. Our strategy for 14th Aug up to 4736 if Nifty open gap up sell at high (S.L 4736) buy in deep (S.L 4500).. If Nifty open flat and turn down 4557 to 4500 zone works as strong support zone so change in strategy as buy in deep (S.L 4500) sell at high (S.L 4736).. Resistance for up move at 4638/4655/4678/4682/4702/ 4722/4736.. Supports at 4557/4530/4500/4473..
(Important :: in 2day’s trade Dow Jones and S&P 500 made an rounding top bearish chart pattern in hourly chart and that’s why be careful at higher level ,avoid to give long commitment at higher level just book profit at high and wait for breakout)
(Important :: in 2day’s trade Dow Jones and S&P 500 made an rounding top bearish chart pattern in hourly chart and that’s why be careful at higher level ,avoid to give long commitment at higher level just book profit at high and wait for breakout)
for all other people calls please trade at your own risk