(1) Nifty Chart & Levels For 07/12/2011 ::

Nifty :: Long Legged Doji, White Spinning top neutral direction candle.. NSI exactly turn down form multiple top resistance as per Monday post.. Bull-Bear Power indicator still in buy mode.. All short term indicator are in extreme overbought zone.. As we say before as far as big gap is open momentum seems up and use buy in deep strategy in correction, but due to NSI and short term indicator be careful at high in manipulated, global news driven market.. In intraday treading on 7^th Dec, watch level 5022/5048, below 5022 momentum seems down for small sell with S.L 5048, above 5048 momentum turns strong for small buy with S.L 5022.. If Nifty move up with support of international market, then watch resistance 5086/5110, and change strategy as sell at high buy in deep, with S.L 5120.. Resistance for up move 5048/5062/5086/5110/.. Supports at 5022/5010/5002/4990/4957..