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Friday, December 23, 2011

(1) Nifty Chart & Levels For 23/12/2011 ::


Nifty :: Bullish candle with positive divergence breakout but with low average volume.. NSI in uptrend but near to multiple resistance zone.. Bull-Bear Power indicator still in sell mode.. Short term indicator in up trend.. Confusion sign.. As per our last hole weekly post finally Nifty turns up as corrective up from oversold region, but be careful at high in corrective up, use titan stop in all buy.. In intraday treading on 23rd Dec. watch first resistance 4748, and above it 4761/4773 and use sell at high strategy when Nifty face resistance near any of given resistance level with strictly stop-loss 4808… Resistance for up move at 4748/4761/4773/4792/4803.. Supports at 4700/4687/4675/4663/4634..

Posted by MY CHART at 12/23/2011 03:01:00 AM

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