(1) Nifty Chart For 15/01/2010 ::
Nifty :: Conformation of Harami line, Piercing line, bullish candle .. But today's candle made Spinning top, white star reversal bearish pattern.. Extremely indecisive pattern.. Very difficult to judge market direction for short term.. Watch higher side two resistance or breakout level 5295/5306..And support or breakdown level 5232.. Above 5306 momentum turns up, below 5232 momentum turns down..Till then side way momentum.. Our strategy for 15th Jan up to breakout level 5306 sell at high (S.L 5310) buy in deep (S.L 5232).. If Nifty open flat and turn down watch support 5232 if hold this support then change strategy as buy in deep (S.L 5232) Sell at high.. Resistance for up move at 5272/5292/5306/5326/5352.. Supports at 5242/5232/5186/5170/5160..
(In US market CBOE Volatility index, VIX index made an island reversal pattern, its danger sign for US stock market as far as stay above 16.86 )


for all other people calls please trade at your own risk