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Sunday, January 22, 2012

(1) Nifty Chart & Levels For 23/01/2012 ::


Nifty :: High Wave, Body Gap up, White Doji Line possible reversal candle with Doji Star Reversal candle pattern.. As per Elliott wave count Nifty enter in, most preferable count double zigzag Y target.. NSI again conform negative divergence. All technical parameter suggest possible top formation but wait for conformation of overbought indicator down trend for positional sell.. Till then in intraday treading on 23rd Jan. watch resistance 5064/5068 and above it 5099/5104 and use sell at high strategy with S.L 5104.. Resistance for up move at 5064/5081/5099/5104.. Supports at 5030/5017/5004/4991/4980…

Posted by MY CHART at 1/22/2012 10:44:00 PM

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