(1) Nifty Chart For 28/07/2010 ::
Nifty :: White Spinning top with low volume.. Once again neutral direction candle with neutral direction NSI.. Today in Nifty chart motion line turn down, but still Sensex produce an insider bar.. As per today's chart indicator made extreme negative divergence but still required breakdown.. In such kind of uncertainty what to do..For 28th July intra day traders watch one level 5442/5444, above 5444 momentum seems up, below 5442 momentum looks weak.. Our strategy same as yesterday, if nifty open flat and turn up watch resistance 5444/5450 if face resistance near high then sell at high (S.L 5477) buy in deep (S.L 5409).. If nify open flat and turn down watch support zone 5400 to 5409 and if take support near this zone then change strategy as buy in deep (S.L 5372) sell at high (S.L 5444) Avoid buy if break 5400.. Resistance for up move at 5444/5450/5466/5477..Supports at 5409 /5372/5362/5353..