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Monday, August 10, 2009

(2) Nifty Chart For 10/08/2009 ::


Nifty :: As per our Friday post Nifty take support near 4538 and bounce beck from strong support but finally break support and heading towards next strong support 4420.. Made an Belt Hold Line bear candle .. Still Inverted H&S pattern valid but now onwards put long stop loss near 4250 or slightly below 4150 with closing basis in next week.. For 10th Aug watch one level 4485 below 4485 momentum seems down, above it up.. Watch first strong support 4465 and below it next strong support zone 4400 to 4420.. Below 4400 Nifty may be slid up to 4326/4250.. But till then for 10th Aug up to 4400 our strategy buy in deep (S.L 4400) Sell at high (S.L 4629).. Resistance for up move 4504/4560/4580/ 4591/4629.. Supports at 4465/4420/4368/4326/4250..

Posted by MY CHART at 8/10/2009 03:33:00 AM

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