(1) Nifty Chart & Levels For 04/01/2012 ::

Nifty :: Finally Nifty zooming up and made, Body Gap up, Belt Hold line bullish candle with volume. Looks like Ladder bottom wipe out 3 candle loss in just one day.. NSI exactly move up as per last three post and touch high multiple top resistance.. Bull-Bear Power indicator flat.. Short term indicator in up trend.. Now as far as Nifty hold above open gap 4646 to 4676 momentum seems side way’s up for short term.. Advance indicator touch multiple resistance top, mean no way to buy in extended high, be careful Nifty must be correct from extended high, for positional short wait for negative divergence.. Till then in intraday treading on 4^th Jan. Watch one important level 4763, above 4763 momentum up for buy with S.L 4747, below 4747 momentum turns weak for sell with S.L 4763, both side trade for small swing.. At extended high watch strong resistance 4800/4815 and use sell at high near resistance with small and strictly S.L 4815, above 4815 next strong resistance and sell level at 4859/4882 with S.L 4882.. Resistance for up move at 4800/4815/4832/4859/4882.. Supports at 4747/4735/4712/4698..