(2) Nifty Chart For 02/08/2010 ::

Nifty :: Finally Nifty break 5353 in intraday and conform bearish structure as per our last weekly post .. Price turn negative but time still positive.. May be corrective bounce possible after 5th intraday wave over as per today’s post.. As per Friday post aggressive trader those who sell at high, now revise sell stop loss at 5450 and hold there position due to negative price conformation (Still required time and NSI bearish conformation for midterm healthy correction).. For 2nd Aug our strategy in intraday, watch strong support 5350/5344/5317, if Nifty take support above any of this level then buy in deep (S.L 5312) sell at high (5418).. If Nifty open gap up then watch strong resistance 5398/5418 and change strategy near resistance as sell at high (S.L 5428/5450) buy in deep (S.L 5350).. Resistance for up move at 5381/5398/5418/5428.. Supports at 5350/5344/5317..