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Wednesday, February 01, 2012

(1) Nifty Treading Levels For 01/02/2011 ::

Nifty :: After Bearish Hangman Candle pattern conformation, Bullish green candle wipe out all yesterday loss, but its still bearish candle Tasuki Down Side.. NSI again touch multiple top resistance.. All indicator again move up in overbought region but still in bearish divergence.. May be stop-losses lift the market yesterday.. As per technical terms avoid buy at higher level in gap up opening, or near resistance level.. In intraday treading on 1st Feb. use sell ONLY at high and buy in dip strategy with S.L 5256 or maximum 5278.. Resistance for up move at 5217/5228/5232/5256/5278.. Supports at 5170/5147/5140/5131/5110..

Posted by MY CHART at 2/01/2012 08:33:00 AM

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