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Tuesday, September 15, 2009

(1) Nifty Chart For 15/09/2009 ::


Nifty :: An Engulfing bearish candle pattern with low volume.. As per our weekly post Nifty take strong support above support zone 4750 to 4780.. As far as stay above 4780/4770 nothing to worry for bulls.. Now watch last top 4890 its works as strong resistance for up move.. All bearish pattern still valid so avoid buy at higher level or avoid to give long commitment for next day.. Overall short term bullish structure intact and that’s why our strategy for 15th Sep. up to 4780 buy in deep (S.L 4770) Sell at high (S.L 4906).. If Nifty move up and face resistance before 4890 change your strategy as sell at high (S.L 4906) buy in deep (S.L 4770).. Resistance for up move at 4856/4890/4906/ 4941/4978.. Supports at 4780/4770/4733/4712..

Posted by MY CHART at 9/15/2009 02:13:00 AM

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