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Tuesday, December 27, 2011

(1) Nifty Chart & Levels For 27/12/2011 ::


Nifty :: As per our last whole week post, slowly-slowly Nifty move up in absent of an international market volatility due to Christmas vacation… Made Belt Hold Line bullish candle but with low volume.. NSI in up trend but near to multiple top resistance zone.. Bull-Bear Power indicator in flat.. Short term indicator touch overbought region... Overall momentum enter in overbought zone.. Be careful in manipulated corrective extended high and use strictly stop-loss in any positional buy. In intraday treading on 27th Dec. watch first strong resistance 4811, and above it next strong resistance 4843/4882 and use sell at high strategy with next resistance level small and strictly S.L.. Resistance for up move at 4793/4811/4826/4843/4882.. Supports at 4757/4743/4724/4718/4693..

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