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Sunday, March 04, 2012

(1) Nifty Chart & Levels For 05/03/2012 ::


Nifty :: In small treading hour with light volume, on 3rd March. Nifty made black spinning top neutral direction candle with Double Doji possible reversal bearish candle pattern.. NSI again turn up.. Bull-Bear Power indicator still in buy mode.. Short term indicator slightly up in oversold region.. No clear sign.. Next two week, big news driven week and may be we see huge volatility, be careful in any side, without money management & proper stop loss, you may trap badly, without any greed and fear, stuck with levels and use titan stop in treading.. As per Elliott Wave most preferable short term count give bearish signal, will update latter after conformation of 3 of 3rd. Till then watch breakdown (support) levels one by one, for down swing 5324/5307 and last 5260, breakout (resistance) level 5376/5396 for up swing in coming day’s.. Resistance for up move at 5376/5396/5412/5431.. Supports at 5346/5324/5297/5268..

Posted by MY CHART at 3/04/2012 09:45:00 PM

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