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Wednesday, September 08, 2010

(1) Nifty Chart For 08/09/2010 ::


Nifty :: Breakout above rising channel given more thrust. Nifty firmly move up and close above channel resistance with volume.. Now channel resistance works as important support on 8th Sep.. Vix made all time low and at closing given buy signal.. NSI made negative divergence even after 52 week high.. Now use higher level for positional shorting with strictly stop loss above 5661… Intraday player watch strong support 5570 and below it next strong support 5558/ 5544.. Our strategy for 8th Sep if Nifty open gap down watch above support and buy in deep only near support (S.L 5544) sell at high (S.L 5625).. IF Nifty move up after open, watch resistance 5625/ 5639, and change strategy as sell at high (S.L 5639) buy in deep.. Resistance for up move at 5625/5639/5661.. Supports at 5590/5570/5558/5544/5536..

Posted by MY CHART at 9/08/2010 02:32:00 AM

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