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Thursday, January 21, 2010

(1) Nifty Chart for 21/01/2010 ::


Nifty :: Harami black cross, Doji candle with low volume, confusing sign.. Today Nifty hold an important support 5200.. Still some more strong support on the way.. For 21st Jan watch important support 5182/5160 and last one 5115.. Intraday trader watch one level 5225, above 5225 momentum once again turn up, below 5225 momentum seems down.. Our strategy for 21st Jan if Nifty open gap down wait and if hold support 5160 then buy in deep (S.L 5115) Sell at high (S.L 5285).. If Nifty open flat and face resistance near 5225 then change strategy as sell at high (S.L 5285) buy in deep(S.L 5160).. Resistance for up move at 5238/5256/5285/5300/5310.. Supports at 5200/5182/5170/5160/5115…

(Short only below 5225, avoid short above 5225)

Posted by MY CHART at 1/21/2010 02:15:00 AM

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