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

Nifty :: White Doji line with again White Doji Star reversal pattern.. Generate aggressive sell signal as far as hold below 5626, with strictly stop loss 5626.. As per today’s chart pattern suggest may be fake breakout possible after made high, with supporting our extra indicator like Vix, Historical Volatility, P/E and PCR.. Huge open interests build up in future and option segment at higher level…. Be careful at higher level.. As far as Nifty hold 5550 nothing to worry for bulls.. But avoid to give long commitment at high.. Till then intraday player watch one level 5594 on 9th Sep. Above 5594 momentum seems up, below 5594 momentum turn down.. Our strategy in intraday, If Nifty move up, watch resistance 5625 and sell at high (Strictly S.L 5626) buy in deep (S.L 5550). Avoid shorting once Nifty break 5626.. In Intraday if Nifty turn down watch strong support zone 5550 to 5567, if take support at low then change strategy as buy near support (S.L 5550) sell at high (S.L 5594)… Resistance for up move at 5625/5639/5650.. Supports at 5594/5567/5559/5550..