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Wednesday, December 30, 2009

(1) Nifty Chart for 30/12/2009 ::


Nifty :: Mix bias, High Wave Bullish Inverted Hammer with Bearish Shooting Star Three Gaps up bear candle pattern.. Volume is quite low compare to last two day’s.. Even after breakout Nifty unable to move up sharply.. Be careful at higher level… For 30th Dec. watch strong resistance zone 5215 to 5231 for shorting. Today’s low 5175 works as important level for 30th Dec....Below 5175 momentum slightly turns bearish for intraday. Our strategy for 30th Dec. if Nifty break 5175 after open, sell at high (S.L 5231) buy in deep, if hold support 5175 change strategy as buy in deep (S.L 5175) sell at high. As far as Nifty hold support 5119 nothing to worry for bulls... Resistance for up move at 5215/5222/5231/5244/5292.. Supports at 5175/5161/5152/5124/5119..

Posted by MY CHART at 12/30/2009 01:54:00 AM

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