(1) Nifty Chart For 01/09/2010 ::
Nifty :: Black Hammer bullish candle supporting yesterday Doji candle. Suggest possible bounce in intraday. Short term indicator in oversold region.. Today both Nifty and NSI given breakdown conformation.. Now awaiting lower top lower bottom with faster retracement conformation for mid term correction.. Till then avoid sell at extreme low.. For 1st Sep watch strong resistance zone 5432 to 5447 and support zone 5372 to 5340.. Our strategy in intraday if Nifty open flat and break 5408/5413 then buy in deep (S.L 5387) sell at high (S.L 5473).. If Nifty open gap up wait and watch given resistance and change strategy as sell at high (S.L 5473) buy in deep.. Up to 5413 momentum seems weak.. Resistance for up move at 5408/5432/5443/5447/5473.. Supports at 5387/5372/5357/5350/5340..