(1) Nifty Chart For 31/08/2010 ::
Nifty :: White Doji line candle, with Harami black cross candle pattern.. Suggest Nifty near short term bottom. Wait till next candle conformation.. Price, time, and bias all rhythm negative.. Both candle and bar structure stay in opposite direction. A confusing sign… Use extreme low level support for buying and extreme high level for selling.. For 31st Aug watch one level 5406, above 5406 momentum seems up, below 5406 momentum turn down.. Our strategy for 31st Aug if Nifty open gap down and hold above support 5372/5350 buy in deep (S.L 5340) sell at high (S.L 5440).. If Nifty open flat and move up then change strategy as sell at high (S.L 5468) buy in deep (S.L 5406).. Resistance for up move at 5440/5460/5468/5495.. Supports at 5390/5372/5350/5340..