(1) Nifty Chart For 30/07/2010 ::

Nifty :: Once again White Spinning Top neutral direction candle with bullish Harami line candle pattern.. Due to bullish candle pattern with intraday bullish indicator bounce may be possible from lower level as far as Nifty hold 5384/5353..But as per momentum line theory, (match all our last weekly post theory which we forecast before top) up move rhythm already damage and higher level gives shorting opportunity with strictly stop loss 5469 for short term trader.. Positional trader also increase there short at higher level even if market made new high with strictly stop loss (5550/5600).. Our strategy for 30th July if Nifty open gap down watch support 5384/5353 and if find support near this level then buy in deep (S.L 5353) sell at high (S.L 5428) avoid buy if Nifty break 5353.. If Nifty move up in intraday watch resistance 5428/5448 and change strategy as sell at high (S.L 5469) buy in deep (S.L 5384).. Resistance for up move at 5416/5428/5448/5469.. Supports at 5384/5369/5353..