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Friday, March 02, 2012

(1) Nifty Chart & Levels For 02/03/2012 ::


Nifty :: Body Gap Down, Three Evening River Black Star bearish candle pattern but with low volume.. Bearish pattern valid only if Nifty traded below 5372… NSI in downtrend but still in buy zone.. Bull-Bear power indicator flat.. Short term indicator unable to turn down in oversold zone.. Overall short term momentum flat, side way’s.. On 2nd March. Intraday treading watch strong support 5297/5286, as far as Nifty stay above this level use buy in deep strategy with S.L 5286, OR buy above 5345 with S.L 5334… Now stay in sell ONLY if Nifty unable to cross 5372 with S.L 5390, OR only below 5286/5268 with S.L 5297.. Resistance for up move at 5356/5377/5390/5410.. Supports at 5316/5297/5286/5268..

Posted by MY CHART at 3/02/2012 08:25:00 AM

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