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Wednesday, August 04, 2010

(1) Nifty Chart For 04/08/2010 ::


Nifty :: As per our yesterday post correct sharply after gap up opining… Once again made White Spinning Top neutral direction candle with White Star Reversal candle pattern.. May be possible top after 2 day’s corrective up move if next candle close in red and break today’s low.. Wait for next close conformation.. Till then our strategy for 4th Aug if Nifty open gap down watch support 5419 and below it strong support 5381/5350.. If Nifty take support at any of this three level then buy in deep (S.L 5350) sell at high (S.L 5477).. If Nifty open flat and move up then watch strong resistance 5469/5477 and near this two level change strategy as sell at high (S.L 5500) buy in deep (S.L 5419).. Resistance for up move at 5459/5469/5477/5500.. Supports at 5419/5414/5381/ 5350..

Posted by MY CHART at 8/04/2010 02:19:00 AM

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