(1) Nifty Chart For 03/09/2010 ::
Nifty :: White Upper Shadow bullish candle and Stalled bearish candle patter with volume.. Again indecisive sign.. NSI turn down from extreme.. Nifty correct exactly form resistance, even after all word market move up above 2% last night.. Historical volatility at all time low.. VIX again enter in danger zone.. SMR near 10.. P/E still at high.. Each and everything against bullish trend.. Be careful at high.. For 3rd Sep. Watch one level 5510, below 5510 momentum seems down, above 5510 up.. Above 5510 watch next strong resistance 5537/5549.. Our strategy for intraday, if Nifty open flat and move up, watch above resistance and sell at high (S.L 5550) buy in deep.. If Nifty correct from current level, watch support 5458/5450 and change strategy as buy near support with strictly S.L 5450 sell at high.. Resistance for up move at 5510/5520/5537/5549.. Supports at 5458/5450/5431/5413..