(1) Nifty Chart For 16/07/2010 ::

Nifty :: Today candle pattern conform yesterday Incomplete Dark Cloud cover bearish pattern .. But neutral direction Spinning top candle, with positive price and time analysis, and slightly positive 43.33 % bulls power, price may found support at low and turn positive on 16th July.. As per our yesterday post overall short term bias turn negative with overbought indicator, but due to above price and time analysis with strong support zone, intraday player use buy in deep strategy up to 5358.. If Nifty break 5358 price and time analysis turns negative and that’s why wait for up move from support zone and use sell at high strategy.. Due to overall negative bias if Nifty move up, watch resistance 5407/5418/ 5454, if face resistance at given level then change intraday strategy as sell on high (S.L 5454) buy in deep.. Resistance for up move at 5398/5407/5418 /5454 .. Supports at 5358/5344/5327/5300..