(1) Nifty Chart & Levels For 22/12/2011 ::

Nifty :: We clearly told in our last two post as, no way for shorting at low and see the result, Nifty zooming up fast in short covering rally and made Circle bullish candle pattern, gives bullish bottom buy signal.. NSI In uptrend but near to multiple resistance zone.. Bull-Bear Power indicator still in sell mode.. Short term indicator turn up with bullish divergence as per our last post. Multiple bottom formation bullish candle pattern suggest short term bottom already made in Nifty or close to bottom.. Now for short term avoid shorting in correction and, use buy only in deep strategy at support intraday low with next given support level stop-loss.. At high watch resistance 4709 and above it next strong resistance 4748.. If Nifty move up in intraday treading watch given two level 4709/4748 and change strategy as sell at high near resistance (S.L 4777) buy in deep for small corrective down.. Resistance for up move at 4709/4725/4748/4765/4777. Supports at 4672/4665/44637/4623..