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Thursday, August 20, 2009

(1) Nifty Chart For 20/08/2009 ::


Nifty :: Constantly take support as we draw bottom line from last one week and close above it even today break long term trend line and close above it.. As per a-b-c structure Nifty last leg c must be correct up to 4325 but some other technical factor comes on the way and bulls are happy.. As far as close above this support line 4370/4367 momentum is up.. We draw today one more big Ending Diagonal structure as 1-2-3-4-5, 4th still running or may be over today.. For 20th Aug Watch one level 4384 above 4384 momentum seems up, below it momentum down .. Our strategy for 20th Aug up to 4367 buy in deep (S.L 4322) Sell at high (S.L 4585).. Resistance for up move at 4453/4485/ 4552/4562.. Supports at 4367/4334/4322/4275/4252..

Posted by MY CHART at 8/20/2009 02:19:00 AM

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