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Wednesday, July 07, 2010

(1) Nifty Chart For 07/07/2010 ::


Nifty :: Bullish candle but again 4th insider bar.. As per our yesterday post bounce from low, but still required breakout of 5320 for strength.. Technically no clear sign.. For 7th Jul watch strong resistance 5301/5320 above 5320 next strong resistance 5332/5360.. Once again our strategy in side way momentum sell at high near resistance. Watch resistance 5301/5320 If Nifty face resistance after open near this two level then sell at high (S.L 5332) buy in deep (S.L 5267).. If Nifty open gap down watch support 5267, if hold support 5267 then change strategy as buy in deep (S.L 5235) sell at high (S.L 5320).. Resistance for up move at 5301/5320/5332/5340/5360.. Supports at 5267/5235/5225/5206..
(Above 5320/5332 next target or strong resistance 5360)

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