(1) Nifty Chart For 14/09/2010 ::

Nifty :: Long Opening Bozu White line bullish candle with again low volume compare of last four day’s.. As per today’s chart again Nifty forming Ending Diagonal as larger corrective Z (B).. There is no reason to buy at 24.32 P/E, near Historical volatility low below 10.40, or at PCR above 2...With all weekly indicator in overbought zone and create negative divergence.. It’s always create bubble.. We don’t know where is end of this larger corrective B leg, but be careful at higher level.. Most probably its finish in between 5776 to 5900.. lets see what happen in coming day’s, till then now every extreme high use sell at high strategy with strictly stop loss. As far as Nifty hold support 5739/5713 buying possible at every deep, mean avoid sell at low, without conformation in intraday.. Our strategy for 14th Sep. If Nifty open gap up watch resistance zone 5811 to 5845 and sell at high (strictly S.L 5904) buy in deep (S.L 5739).. Resistance for up move at 5776/5811/5823/5845/5904.. Supports at 5739/5713..