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Tuesday, August 03, 2010

(1) Nifty Chart For 03/08/2010 ::


Nifty :: Bullish reversal, white Inside Out Up candle pattern.. NSI breakout above 60.. Candle pattern and NSI bullish but again with low volume.. Strong resistance zone at higher level near 5500 to 5529, with NSI 80/90 level.. May be recovery not sustain for 2-3 day’s. Avoid buy at high or in gap up opening.. For 3rd Aug watch resistance 5450/ 5477 and above it near 5500.. Our strategy for 3rd Aug if Nifty open gap up and face resistance near any of this three level then sell at high (S.L 5529) buy in deep (S.L 5408).. Resistance for up move at 5450/5464/5477/5500/5520/ 5529.. Supports at 5414/5408/5375/5350..

Posted by MY CHART at 8/03/2010 02:31:00 AM

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