(1) Nifty Chart For 24/08/2010 ::

Nifty :: White spinning top neutral direction candle with low volume.. Even after breakout and new high volume constantly decreasing.. From last three days continuous face resistance near rising channel top.. Historical volatility at all time low.. PCR in its extreme 2.41, P/E above 23, as per yesterday post Vix already made bottom on Friday. Each and every thing against bulls.. Be careful at high even if Nifty break strong resistance 5550/5555..Any time major correction due from high and all you know we are always seller at top and buyer in bottom.. Still we stuck with our negative bias with proof .. Our strategy for 24th Aug below 5555 sell at high (strictly S.L 5555) buy in deep (S.L 5481).. Resistance for up move at 5550/5555/5573/5607.. Supports at 5525/5507/5481/ 5460..