(1) Nifty Chart For 29/07/2010 ::
Nifty :: As per our yesterday post motion line turn down and after break trend Nifty sharply fall with volume.. Made an Engulfing line bearish candle pattern… First conformation of correction with 3rd lower low and negative indicator breakdown.. Still Nifty above strong support 5372/ 5353.. Wait till breakdown of 5353 for more healthy correction, with NSI below 40.. Till then in fno expire day watch support 5353 if hold support use buy in deep strategy in intraday with strictly stop loss 5353.. If Nifty break 5353 then avoid buy in deep up to 5312.. If Nifty open flat and move up then change strategy in intraday as sell at high (S.L 5444/5455) buy in deep (S.L 5372).. Resistance for up move at 5414/5432/5444/5455.. Supports at 5372/5365/5353/5344/5312..