(1) Nifty Chart For 15/09/2010 ::

Nifty :: White Upper Shadow bullish candle and Stalled bearish pattern with volume.. Finally Nifty start to correct exactly from given resistance zone.. May be vertical up move take some time for major correction as per today’s chart.. Current short term indicator start to turn down from extreme overbought zone.. Yesterday we generate aggressive sell signal, now today pattern and overall trend scenario generate conservative trader sell signal, but only at high with strictly stop loss 5904 for short term treading.. As far as Nifty hold support 5742/5732 situation under control for bulls.. Our strategy for 15th Sep. Watch first strong support 5770/5760.. If Nifty hold this support in gap down opining, then buy in deep (S.L 5732) sell at high (S.L 5811).. If Nifty open flat and move up then wait, and change strategy near resistance zone as sell at high (S.L 5845/5904) buy in deep.. Resistance for up move at 5811/5823/5845/5881/5904.. Supports at 5770/5760/5742/5732..