(1) Nifty Chart For 11/02/2010 ::

Nifty :: Engulfing bear candle patter suggest, short term trend again change from bulls to bear with volume.. Short term indicator suggest corrective bounce.. Nothing clear at this juncture.. Even in all word indices no clear trend or similarity of wave count.. Now what to do. Be careful in any side holding..Just go with intraday trend, use strictly stop loss and book fast profit.. For 11th Feb. watch one level 4740, below 4740 momentum seems down, above 4740 momentum up.. Avoid sell at extreme low near 4675/4656 or avoid buy near strong resistance zone 4832/4846.. Our strategy for small swing gain, if Nifty open flat and break 4740 sell at high (S.L 4780) buy in deep (S.L 4675/4649).. If Nifty hold support 4740 then change strategy as buy in deep (S.L 4692) sell at high (S.L 4846) Resistance for up move at 4780/4832/4846/4883/4910.. Supports at 4740/4692/4675/ 4656/4649..