(1) Nifty Chart & Levels For 02/01/2012 ::

Nifty :: Bearish breakdown candle with volume.. NSI turn up with positive divergence.. Bull-Bear Power indicator in sell mode.. Short term indicator in oversold region.. Again confusion sign, and as we say before no way to judge proper direction of market, mean stuck with level and trade according above or below it in intraday, avoid to give positional commitment in any side as far as trend indecisive.. As per Friday post Nifty given close below important support 4634, now up to 4634/4639, momentum seems side way’s down for sell with S.L 4639, above 4639 momentum once again turn up for buy with S.L 4609.. In correction watch support 4585, and If Nifty hold support 4585 then change strategy as buy in deep with S.L 4568 for small up swing.. Resistance for up move at 4639/4649/4673/4679.. Supports at 4609/4599/4585/4568..