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Thursday, October 16, 2014

(1) Nifty & MSi Chart & Levels For 16/10/2014 ::


Nifty::
- Incomplete Dark Cloud cover bearish candle pattern..
- MSi again turn down from middle..
- Short term indicator in oversold region..
- Overall short term momentum bearish as far as Nifty stay below 7914..
- In intraday treading on 16th Oct. Wait & Watch important level 7855.. Below 7855 sell with strictly stop-loss 7871.. (Strong breakdown levels 7828/7821, below it 7800/7796)
- Resistance for up move at 7871/7888/7914/7925..

- Supports at 7855/7832/7821/7800/7782..

Posted by MY CHART at 10/16/2014 01:07:00 AM

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