(1) Nifty Chart For 05/01/2010 ::
Nifty :: Body gap up bullish candle with traded volume, value wise volume low.. As far as stay above breakout level 5182/5160 nothing to worry for bulls.. For 5th Jan. watch strong resistance level 5326, be careful at higher level still midterm negative divergence is there.. After breakout max up side of this up move up to 5500/5550, but before 5500 too many resistance is there with bearish Wolfe wave formation… Our strategy for 5th Jan. up to 5200 buy in deep (S.L 5160) Sell at high (S.L 5326).. If Nifty open gap change strategy near 5300 as sell at high (S.L 5326) buy in deep (S.L 5200).. Resistance for up move at 5255/5281/5294/5326/5352.. Supports at 5200/5167/5160..


for all other people calls please trade at your own risk