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Friday, December 30, 2011

(1) Nifty Chart & Levels For 30/12/2011 ::


Nifty :: Body Gap Down bearish candle with high volume.. NSI in down trend but again near to multiple lower middle support zone.. Bull-Bear power indicator in sell mode. Short term indicator again enter in oversold region.. Mix confusion sign.. Nifty exactly hold lower strong support level 4634, as far as Nifty hold support 4634 and given close above it momentum seems side way’s up in coming day’s.. Till then in intraday treading on 30th Dec. watch important level 4647 and 4667, above 4647 momentum up for buy with S.L 4634, and turn slightly strong above 4667 for more up with S.L 4647.. Below 4647 momentum seems down for only small swing sell with S.L 4667.. Trade accordingly in intraday treading above or below 4647 with titan and small S.L. Resistance for up move at 4667/468/4689/4698.. Supports at 4634/4612/4603/4585..

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