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Monday, December 19, 2011

(1) Nifty Chart & Levels For 19/12/2011 ::


Nifty :: An out side day with bearish Engulfing candle pattern.. It may be last bearish setup for short term and may made bottom formation in near future.. Advance indicator NSI supporting candle pattern formation, touch multiple bottom support zone.. Short term indicator are in oversold region.. Overall momentum still down but No way for shorting in extended sell off.. Be careful in correction.. Watch important level 4628/4616/4595 and If Nifty hold this three support levels then use buy ONLY in deep strategy in intraday treading on 19th Dec. with small and strictly S.L 4595 (OR If break 4595 then wait and again Nifty move up above 4595 enter for buy with low S.L).. Resistance for up move at 4674/4710/4735/4755.. Supports at 4637/4628/4616/4595..

Posted by MY CHART at 12/19/2011 08:24:00 AM

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