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Thursday, August 26, 2010

(1) Nifty Chart for 26/08/2010 ::


Nifty :: Bearish candle with volume.. Exactly close near strong support.. Still overall momentum down for short term but due to oversold indicator with NSI support avoid shorting at low near strong support zone.. In intraday for 26th Aug watch one level 5465, above 5465 momentum seems up, below 5465 down. Above 5465 watch resistance 5482, if Nifty cross 5482 momentum turns strong in intraday.. Our strategy for 26th Aug if Nifty open gap up then watch resistance and sell at high (S.L 5529) buy in deep (S.L 5400).. If Nifty open gap down then watch strong support zone and change strategy as buy in deep (S.L 5400) sell at high (S.L 5482).. Resistance for up move at 5482/5494/5513/5520/5529.. Supports at 5439/5424/5400..

Posted by MY CHART at 8/26/2010 02:11:00 AM

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