(1) Nifty Chart For 13/10/2010 ::

Nifty :: Engulfing bearish candle pattern with low volume.. Made lower top lower bottom in short time frame.. As far as stay below 6223 overall momentum down.. As per past experience of six month, short term indicator in negative OS zone and bounce possible from low.. Be careful in fresh shorting at lower level, short only at high with strictly stop loss 6223.. For 13th Oct Intraday trader watch first resistance 6102, above 6102 momentum up, below 6102 momentum down.. Our strategy for 13th Oct. If Nifty open flat and break 6102 then buy in deep (S.L 6102) sell at high (S.L 6164).. If Nifty open gap up watch strong resistance zone 6144 to 6164 and if face resistance at high then change strategy as sell at high (S.L 6164) buy in deep (S.L 6102), below 6102 stay in sell (S.L 6102).. Resistance for up move at 6102/6114/6144/6164.. Supports at 6061/6053/6031/6007..