(1) Nifty Chart For 06/10/2010 ::

Nifty :: After white Shooting Star bearish reversal pattern, today Nifty made Dark Cloud Cover bearish candle pattern with volume.. As per chart multiple bearish divergence in 14 period Relative Strength Index.. After watching various technical parameter we don’t conform or say, buy and hold your position for strong upward target.. Yes go with trend only, but carefully, avoid buy near strong resistance, buy only after breakout, or in small correction, book fast profit at every high and use strictly stop in buying.. On 6th Oct. watch first resistance 6154, above 6154 momentum once again turn strong.. Up to next resistance 6222.. Our strategy in intraday if Nifty open gap up, due to international market move watch first resistance 6222 and above it next strong resistance 6247/6275/6281 and IF FACE RESISTANCE at any of this level sell at high (S.L 6281) buy in deep (S.L 6154).. If sell at any resistance use strictly stop of next resistance or avoid to sell after breakout of any resistance.. Resistance for up move at 6188/6222/6247/6278/6281.. Supports at 6118/6108/6082..