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Friday, October 23, 2009

(1) Nifty Chart For 23/10/2009 ::


Nifty :: Body gap down bear candle, third red candle in a row .. Break long term trend line from March bottom and break mid term rising veg lower trend line and move down sharply towards strong support 4950.. Now mid term momentum already damage but still required lower top lower bottom conformation in faster time.. Any up move gives shorting opportunity at higher level with S.L 5182… Our strategy for 23rd Oct. sell at high (S.L 5100) buy in deep (S.L 4900) .. Resistance for up move at 5011/5045/5060/ 5082/5100.. Supports at 4975/4955/4921/4900..
(In up move wait for strong resistance with conformation then short)

Posted by MY CHART at 10/23/2009 02:33:00 AM

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