(1) Nifty Chart & Levels For 09/12/2011 ::

Nifty :: Three Evening White Star bearish candle pattern suggest short term possible top may formed.. Advance indicator NSI touch multiple higher bottom support zone.. Bull-Bear Power indicator turns buy to flat.. Short term indicator exactly turn down as per yesterday post.. Momentum totally turn bearish from our top red highlighted resistance zone.. No way for buy, but due to NSI, in extended correction be careful, short covering and profit booking corrective bounce possible from green support zone. Watch first support or breakdown level 4928/4916, below it strong support zone 4886 to 4850, avoid short at this support zone.. Use sell only at high strategy in intraday treading on 9^th Dec. with S.L 4998 or below breakdown in sell at high strategy S.L 4928.. Resistance for up move at 4963/4976/4998/5021.. Supports at 4928/4916/4886/4866/4851..