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Monday, August 16, 2010

(3) Nifty Chart For 16/08/2010 ::


Nifty :: Three River Morning Doji Star pattern with low volume.. Bullish candle with bearish
candle pattern.. Still rhythm didn’t support bullish structure.. Price and time both negative. All our weekly post suggest correction any time from higher level.. One more confusing sign, NSI turns positive again…No options go with intraday trend. For 16th Aug intraday watch one level 5466, above 5466 momentum seems up, below 5466 momentum looks weak. Our strategy for intraday as far as Nifty stay below 5475 sell at high (S.L 5493) buy in deep (S.L 54120.. Resistance for up move at 5475/5492/5499/5529.. Supports at 5440/5419/5412/5377..

Posted by MY CHART at 8/16/2010 03:44:00 AM

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