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Tuesday, January 12, 2010

(1) Nifty Chart For 12/01/2010 ::


Nifty :: Made an Harmi Black bull candle with outsider day ..Volume is high. As per our Friday post, as far as Nifty stay and close above gap area 5238 to 5242 nothing to worry for bulls.. Third down day indicate side way momentum with negative bias, be careful at higher level, now momentum once again turns strong only above 5287.. For 12th Jan watch strong support 5220 and below it 5170..As far as stay above 5220 our strategy buy in deep (S.L 5170/5160) Sell at high (S.L 5287).. If Nifty open up and face resistance near 5276/5287 change strategy as sell at high (strictly S.L 5287) buy in deep (S.L 5220).. Resistance for up move at 5276/5287/5297/5326/5360.. Supports at 5220/5214/5170..

Posted by MY CHART at 1/12/2010 02:04:00 AM

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