(1) Nifty Chart For 19/07/2010 ::
Nifty :: Once again white Spinning Top candle with low volume suggest neutral direction .. Our Nifty Sentiment Index (NSI) currently above 70 (overbought) with short term negative indicator divergence & Shooting star bearish candle pattern, may be Nifty finish 5th leg at high near 5454 and top already made on 14th July.. But still more conformation of up move rhythm breakdown, Nifty must be required two down red days with close below 5355 on 20th July.. Up to 5341/5297 nothing to worry for bulls.. For 19th July watch strong support 5341/5317/5306.. And resistance 5404/5407.. Our strategy for intraday sell at high (S.L 5418) buy in deep (S.L 5297).. Resistance for up move at 5403/5407/5418/5436/5454.. Supports at 5360/5341/5317/5306/5297..