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Thursday, August 28, 2014

(1) Nifty & MSi Chart & Levels For 28/08/2014 ::


Nifty::
- Again ..!! White Spinning top neutral direction candle with White Star possible top formation candle pattern.. AGAINST.. Three River Morning White Star possible bottom formation candle pattern with open bullish gap.. !!!(Confusing sign at top, on future and option expire day)
- MSi up trend..
- Short term indicator again turn up towards overbought zone..
- Overall short term manipulated momentum confusing..
- Be careful on future and option expire day. Stuck with levels and place titan stop in any side trade..
- In intraday treading on 28th Aug. Wait & Watch important resistance 7945 & Supports 7926.. Above 7945 momentum seems up for buy with stop-loss 7938.. Below 7926 momentum turns weak for sell with stop-loss 7933..( In between 7945-7926 stay a side)
- Resistance for up move at 7945/7952/7968/7974/7991..

- Supports at 7926/7915/7906/7882..

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