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Monday, February 01, 2010

(1) Nifty Chart For 01/02/2010 ::


Nifty :: Finally magic support level work.. Nifty bounce from low of 4766 and made long lagged white doji, Harami white cross bullish pattern with volume.. One by one Nifty chart gives conformation of short term correction but still major conformation required for entire rally.. If Nifty break 4666 with mid term moving average crossover then we see major down fall in coming days.. Till then go with up or down side way trend.. Buy in decline near major support zone and sell at high near short term overbought indicator in intraday chart.. Due to bounce from strong support zone our strategy for 1st Feb. up to 4806 level buy in deep (S.L 4766) sell at high .. (S.L 5008).. Resistance for up move at 4929/4940/4968/5000/5008.. Supports at 4856/4833/4806/4766..

Posted by MY CHART at 2/01/2010 02:37:00 AM

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