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Thursday, December 08, 2011

(1) Nifty Chart & Levels For 08/12/2011 ::


Nifty :: After Long Legged bullish Doji, made High Wave, Body Gap up bullish candle with volume.. NSI slightly turn up from middle.. Bull-Bear Power still in buy mode.. But short term indicator again turn down from overbought region.. Nifty continuous face resistance at high as we mark form last three day’s and turn down again and again from high.. Now watch this resistance band 5099 to 5120 and as far as Nifty stay below this level use sell at high strategy with strictly S.L 5120.. For minor swing in intraday watch one support level 5043, above 5043 momentum slightly up for buy with S.L 5043, below 5043 momentum turn more bearish for sell with S.L 5043.. Resistance for up move at 5083/5099/5110/5120.. Supports at 5043/5024/5002/4993..

Posted by MY CHART at 12/08/2011 02:01:00 AM

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