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Tuesday, January 17, 2012

(1) Nifty Chart & Levels For 17/01/2012 ::


Nifty :: White Spinning top neutral direction candle.. NSI turn down with negative divergence.. All short term indicator are in overbought region.. No way to buy at high, avoid to give long commitment at higher level.. In intraday treading watch one important level 4862, above 4862 momentum seems up for buy with S.L 4862, below 4862 momentum turns down for sell with S.L 4862.. At high watch resistance near 4920 and if Nifty face resistance at high then change strategy as sell at high with small S.L 4938/4940.. Resistance for up move at 4900/4911/4923/4938.. Supports at 4862/4844/4836/4824..

Posted by MY CHART at 1/17/2012 08:33:00 AM

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