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Wednesday, September 30, 2009

(1) Nifty Chart For 30/09/2009 ::


Nifty :: Once again an green candle with low volume.. Face strong resistance before aggressive trader short stop loss 5036.. Short term chart structure confusing in side way distribution pattern..Be careful at higher level from bottom Nifty constantly made an a-b-c zigzag pattern in each leg.. And in last leg final C wave may be over or near to end. Still intermediate bullish structure intact as far as stay above 4900/4882 .. Use this stop loss strictly for mid term buying ..For 30th Sep watch two strong resistance 5020/5036.. Our strategy for 30th Sep up to 5036 sell at high (S.L 5036) buy in deep (S.L 4882). Resistance for up move at 5020/5036/5046/5070/5101.. Supports at 4985/4960/4931/ 4900/4882..
(If Nifty break 4959 without crossing 5020 then chances of breakdown is increasing in coming days..)

Posted by MY CHART at 9/30/2009 02:25:00 AM

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