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Tuesday, October 05, 2010

(1) Nifty Chart For 05/10/2010 ::


White Inverted Hammer Candle, White Shooting Star reversal pattern with volume.. As per yesterday NSI post, today NSI turn down sharply from resistance.. Momentum slightly turn negative at top with negative turn of overbought indicator.. Those who shorted at high use strictly stop loss 6222.. Still Nifty and NSI both above strong support 6110 and 30/40.. Avoid shorting at low, Short only in bounce at higher level.. Our strategy for 5th Oct. If Nifty open gap down watch strong support 6110 if hold above support then buy in deep (S.L 6089) sell at high (S.L 6183).. If Nifty open flat then watch strong resistance 6183/6201 and sell at high (S.L 6222) buy in deep (S.L 6110) ..Resistance for up move at 6183/6201/6222/6231.. Supports at 6144/6135/6110/6089/6073..

Posted by MY CHART at 10/05/2010 02:12:00 AM

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