(1) Nifty Chart For 12/08/2010 ::

Nifty :: Dark Cloud Cover bearish pattern conformation.. Generate sell signal for conservative trader.. As per yesterday post our NSI index already given sell signal at high with all bearish chart pattern which we constantly post from last one week.. Now for 12th Aug watch last and final strong support near 5350 for midterm momentum.. If Nifty break 5350 next target and support zone only in between 5318 to 5280.. Till then avoid buy in deep.. May be after sharp correction in US market small intraday bounce possible form extreme lower level.. Be careful in gap down opining near support zone. Avoid shorting at extreme low.. Wait for corrective up move then only short or short below strong support.. Our strategy for 12th Sell at high (S.L 5433) buy in deep (S.L 5280) .. Resistance for up move at 5433/5443/5457.. Supports at 5400/5350/5332/5318/5280..