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Friday, September 04, 2009

(1) Nifty Chart For 04/09/2009 ::


Nifty :: Constantly fourth day Nifty close in red.. First time after march low and its indicate mid term trend is change from bullish to bearish.. Now for mid term, exit from all long position at higher level... Most probably if market move up its came down again and break 2-4 line without touch 1-3 line in coming days (Ending Diagonal pattern target 4750 to 4900 still pending).. But for short term go with trend…. Watch two level 4650 for breakout & 4576 for break down.. Due to oversold level may be Nifty break 4650 with international market support on 4th Sep.. Still we advise avoid buy at high.. Our strategy for 4th Sep., up to 4576 buy only in deep with (S.L 4576) and Sell at high (S.L 4700).. Resistance for up move at 4623/4644/4650/4679/4700.. Supports at 4576/4566/4550/4546/4503…

Posted by MY CHART at 9/04/2009 01:53:00 AM

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