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Wednesday, October 28, 2009

(1) Nifty Chart For 28/10/2009 ::


Nifty :: Last two candle made an Bearish Trending Candle Take Over pattern with Belt Hold Line bear candle.. After breakdown of strong support zone near 4900 Nifty turned down sharply and meet next strong support zone 4833/4866.. Volume is high in decline and faster retracement support our mid term top formation, now any up move gives us shorting opportunity at higher level.. After a sharper breakdown all short term indicator enter in oversold region. And that’s why be careful in shorting at lower level.. Below 4829 next strong support level at 4800/4789/4767.. Our strategy for 28th Oct up to 4767 buy in deep (S.L 4700) Sell at high (S.L 4959).. Resistance for up move at 4858/4890/ 4907/4959.. Supports at 4830/4800/4789/4767/4700..

Posted by MY CHART at 10/28/2009 02:41:00 AM

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