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Thursday, December 24, 2009

(1) Nifty chart For 24/12/2009 ::


Nifty :: Insider day breakout generate fresh up move rally .Again made an Belt hold line body gap up bullish candle with volume.. Is this rally true or just short covering rally ..? Next day gives us clear picture about this rally.. If this rally moving up as fresh buying rally then its firmly break triple top resistance 5182 on 24th Dec.. If today’s move due to short covering only then its treading in side way with positive bias for 2/3 day’s and wait for good news.. Till then be careful below 5182 .. Our strategy for 24th Dec. if Nifty face resistance after opining near 5182 then sell at high (S.L 5182) buy in deep (S.L 5085). If Nifty break 5182 then change strategy as buy in deep (S.L 5132) sell at high (S.L 5288).. Resistance for up move at 5182/5194/5112/ 5237/5255/5288.. Supports at 5132/5094/ 5085/5057/5026..

Posted by MY CHART at 12/24/2009 02:01:00 AM

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