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Thursday, August 05, 2010

(1) Nifty Chart For 05/08/2010 ::


Nifty :: Body Gap Up bullish candle.. Again breakout and new high with low volume.. Even after breakout, NSI still below 60.. All indicator currently in negative divergence.. Up move rhythm already damage last week.. Not a single technical terms support bullish structure... Be careful in manipulated rally and avoid to give long commitment at higher level.. For 5th Aug watch strong resistance zone 5487 to 5533.. Our strategy for intraday if Nifty open gap up, up to 5526 sell at high (S.L 5533) buy in deep (S.L 5426).. Resistance up move at 5487/5508/5526/5533.. Supports at 5435/5426/5413/5390..

Posted by MY CHART at 8/05/2010 01:41:00 AM

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