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Friday, March 16, 2012

(1) Nifty Chart & Levels For 16/03/2012 ::


Nifty :: Belt Hold Line bear candle with Bearish Body Reversal candle pattern of previous bullish trend.. NSI near multiple bottom support zone.. Bull-Bear power indicator still in buy mode.. All short term indicator turn down from overbought zone.. Overall momentum now turn bearish, but short term momentum may take support at low.. On big event day(budget day) be careful in any side, watch support and important level 5373 and below it 5354/5335, as far as Nifty hold any of this support use buy ONLY in deep strategy with small and strictly S.L 5335 (momentum shift more bearish only below 5335).. For small treading swing at high, watch important level 5387, above 5387 momentum seems up for buy with S.L 5373, below 5387 momentum seems down for sell with S.L 5411.. Resistance for up move at 5411/5425/5449/5462.. Supports at 5373/5362/5354/5335..

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