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Friday, March 05, 2010

(1) Nifty Chart For 05/03/2010 ::


Nifty :: Black Lower Shadow with Incomplete Dark Cloud Cover bearish pattern.. As we say in
last post momentum looking weak at higher level with overbought short term indicator.. Without healthy correction its difficult to move higher.. May be expanding triangle e leg over or near to end.. One smaller pattern inverted H&S almost achieved target near 5085 Once again we repeat avoid buying at higher level .. As far as Nifty hold 5015 in intraday nothing to worry for bulls.. Now use short term buying stop loss as 5015.. For 5th March watch one level 5082 above 5082 momentum seems up, below 5082 momentum once again turn down.. Our strategy for 5th March sell at high (S.L 5184) buy in deep (S.L 5015)… Resistance for up move at 5100/5139/5154/5184.. Supports at 5049/5015/4992/4962/4930..

Posted by MY CHART at 3/05/2010 02:03:00 AM

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