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Wednesday, December 02, 2009

(1) Nifty Chart For 02/12/2009 ::


Nifty :: Body gap up selling pressure bar with low volume.. Exactly close near contracting triangle upper trend line resistance.. Now farther potential strength, Nifty must be required to close above 5203/5222 as per last bar chart pattern.. Be careful at higher level due to this bar, if Nifty unable to give close above 5222, then again we see side way downward momentum in coming day’s.. Our strategy for 2nd Dec. if Nifty open above 5138 then buy in deep (S.L 5100) sell at high (S.L 5022).. If Nifty open gap up then sell at high (S.L 5022) buy in deep (S.L 5055) .. Resistance for up move at 5138/ 5154/5165/5186/5203/5222.. Supports at 5066/5055/5039/5005..

Posted by MY CHART at 12/02/2009 02:46:00 AM

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