(1) Nifty Chart For 27/07/2010 ::

Nifty :: Inverted Dark Cloud cover, with Black Inside Out Down candle pattern.. Generate sell signal for aggressive trader.. As per our today’s post Nifty may finish 5th leg near 5477, and as per Friday time and price post exactly turn down on 23rd... Indicator in negative divergence.. Bearish Wolfe Wave at high.. All technical terms match bearish structure.. But still Nifty above strong support 5372 and our NSI index above 40 level, slightly support bulls.. Our strategy for 27th July, If Nifty open gap up then sell at high (S.L 5455) buy in deep (S.L 5400).. If Nifty open flat and turn down then watch strong support 5400/5383/5372, if Nifty take support near any of this three level then change strategy as buy in deep (S.L 5354) sell at high (S.L 5427).. Resistance for up move at 5427/5435/5455/5477.. Supports at 5400/5383/5372/5354..