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Tuesday, December 22, 2009

(1) Nifty chart For 22/12/2009 ::


Nifty :: Body gap down bear candle with low volume.. As per yesterday post Nifty break and important support 4965 and close below 4978.. After multiple top 2nd conformation of bearish chart structure.. Now any up move gives selling opportunity at higher level with stop loss 5129 (maximum S.L 5182)… For 22nd Dec watch support 4935/4910, due to short term oversold indicator may be bounce possible within one or two day’s.. And that’s why our strategy for 22nd Dec. buy in deep (S.L 4910) sell at high (S.L 5091).. Resistance for up move at 4978/4996/5008/5043/5060/5091.. Supports at 4935/4910/ 4900/ 4880..

Posted by MY CHART at 12/22/2009 01:56:00 AM

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