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Sunday, July 11, 2010

(1) Nifty Chart For 12/07/2010 ::


Nifty :: As per our last three day’s post, after breakout of 5320 Nifty easily touch target 5357, and made an Body Gap up, Belt Hold line bullish candle with volume.. Still treading below breakdown trend line as per chart.. Exactly face resistance near it.. For 12th July Watch imp level 5352 above 5352 momentum seem up, below 5352 momentum seems down.. Important strong resistance at 5384/5397..As far as Nifty holds 5284 overall short term momentum up. Our strategy for 12th July if face resistance near given two level sell at high (S.L 5400) buy in deep (S.L 5298).. If Nifty break 5400 then avoid shorting, wait for next move, above 5400 once again bearish mid term count change and open target 5485/5510... Resistance for up move at 5369/5384/5397.. Supports at 5320/5298/5284/5252..

Posted by MY CHART at 7/11/2010 09:09:00 PM

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