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Monday, November 23, 2009

(1) Nifty Chart For 23/11/2009 ::


Nifty :: An outsider bar with slightly high volume.. In daily chart Nifty take strong support as we say in our last post and made an Piercing Line Engulfing bullish candle..
FII net purchase figure in negative, and DII figure in nominal buy.. As per our last weekly post, US Dollar index almost made an bottom and turn up, in this week may be we see side way momentum with positive bias in Dollar chart.. Be careful in buying at higher level.. On 23rd Nov watch strong resistance 5064/5080 above 5080 next target of Nifty at 5113/5118/5143.. Our strategy up to 5064 wait and watch, above 5064 buy in deep (S.L 5025) Sell at high (S.L 5118).. Resistance for up move at 5064/5080/5113/ 5118/5143.. Supports at 5025/5010/ 4964/4955/4935..

Posted by MY CHART at 11/23/2009 01:46:00 AM

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