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Monday, August 25, 2014

(1) Nifty & MSi Chart & Levels For 25/08/2014 ::


Nifty::
- Again White Spinning top neutral direction candle with White Star reversal possible top formation candle pattern..( Conformation required for bearish structure)
- MSi down trend when Nifty hit new high..!!! ( Conformation of manipulated high)
- Short term indicator in overbought zone..
- Overall short term momentum turns weak at high..
- In intraday treading on 25th Aug. Wait & Watch important resistance 7938/7944 & Support 7900.. (A)First watch resistance 7922/7929, IF ace resistance then sell at high with small stop-loss 7929.. (B)Above 7929 again sell at high near next resistance with strictly stop-loss 7965.. OR (C) below 7900 sell with stop-loss 7915..
- Resistance for up move at 7929/7938/7944/7965..

- Supports at 7904/7887/7873/7856..

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