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Tuesday, December 20, 2011

(1) Nifty Chart & Levels For 20/12/2011 ::


Nifty :: Exactly as per yesterday post, bounce from low and made Black Hammer bullish candle with close above 4595.. For more bullish intraday structure conformation of breakout 4628 required.. NSI exactly turn up from bottom low multiple support zone.. All short term indicators turns up again from oversold region and made bullish divergence. Now as far as Nifty hold support low 4555, (watch it closely and if take support at low then) use buy in deep strategy in intraday treading with S.L 4550.. Momentum turns more bullish in intraday only above 4628, till then avoid buy at high due to overall bearish momentum.. Resistance for up move at 4628/4656/4687/4703.. Supports at 4592/4576/4566/4556..

Posted by MY CHART at 12/20/2011 01:23:00 AM

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