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Wednesday, December 23, 2009

(1) Nifty Chart For 23/12/2009 ::


Nifty :: An insider day with positive bias.. Made Belt Hold line bull candle with low volume.. From last two days we constantly say that bounce may be possible near strong support zone due to over sold short term indicator and it is.. Now for 23rd Dec watch first resistance 4998 above 4998 momentum turns positive at least for short term but face resistance near breakdown trend line at higher level.. Our strategy for 23rd Dec. only above 4998 buy in deep (S.L 4935) Sell at high (S.L 5074) .Watch next strong resistance zone 5040 to 5075, if face resistance in between this zone change strategy as sell at high (S.L 5091) buy in deep (S.L 4998).. Resistance for up move at 4998/5040/5063/5075/ 5091.. Supports at 4962/4944/4935/4900..

Posted by MY CHART at 12/23/2009 02:12:00 AM

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