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Thursday, November 05, 2009

(1) Nifty Chart For 05/11/2009 ::


Nifty :: An Insider day with Bullish Harami candle pattern, required breakout of 4730 for bullish conformation.. Volume is still low .. If Nifty break 4730 be careful at higher level, still Nifty in mid term corrective mode so avoid to take fresh position at higher level.. Those who buy yesterday in deep please book profit at high in intraday near next resistance level.... On 5th Nov. watch important level 4700/4705. Above 4705 momentum seems up below 4700 once again momentum turns weak.. Our strategy for 5th Nov.. Below 4700 sell at high (S.L 4730) buy in deep (S.L 4591).. If Nifty sustain above 4705 change strategy as buy in deep (S.L 4700) Sell at high (S.L 4810).. Resistance for up move at 4722/4730/4738/4783/4810.. Supports at 4663/4627/4605/4591/4565/4538..

Posted by MY CHART at 11/05/2009 03:37:00 AM

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