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Wednesday, August 25, 2010

(1) Nifty Chart For 25/08/2010 ::


Nifty :: As we say in yesterday post, each and everything against bullish trend even after new high, and finally correction start from high.. Made Black Inside Out bearish candle pattern…. Still midterm bearish structure required close below 5464.. Those who shorted at high hold there position with strictly stop loss 5555.. For 25th Aug watch one level 5508, above 5508 momentum seems up, below 5508 momentum down.. If Nifty open gap down watch strong support 5471/ 5464.. Our strategy for intraday, below 5508 sell at high (S.L 5508) buy in deep (S.L 5464).. Resistance for up move at 5520/5544/5550/5555.. Supports at 5488/5474/5464/5439..

Posted by MY CHART at 8/25/2010 02:43:00 AM

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