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Friday, January 22, 2010

(1) Nifty Chart For 22/01/2010 ::


Nifty :: Long black body gap down candle, Bearish Trending candle take over with volume.. Finally bearish Wolfe Wave magic work, momentum already turn bearish below 5182/5160.. Now any up move gives chance to exit all long position for short term.. Due to huge fno roll over pending may be we see heavy volatility in coming day's…Be careful in intraday treading.. For 22nd Jan watch strong support zone 5015 to 4987.. Our strategy for 22nd Jan if Nifty open gap down wait and watch this support zone and if hold 4987/5000/5015 level then buy in deep (S.L 4987) Sell at high.. If Nifty move up then change strategy as above 5100 sell at high (S.L 5124) buy in deep.. Resistance for up move at 5112/5124/5153/5169/5194.. Supports at 5057/5035/5015/ 4987..

Posted by MY CHART at 1/22/2010 02:01:00 AM

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