(1) Nifty Chart For 15/10/2010 ::
Nifty :: Long black bearish candle made, incomplete dark cloud cover pattern with high volume.. Still all daily indicator in bearish divergence, with negative bearish divergence in NSI .. Now more bearish structure in coming day’s, watch weekly close below 6165.. Till then on 15th Oct watch strong support 6153/6131/6093 and strong resistance 6226.. As far as Nifty trading below 6226 momentum seems weak.. Our strategy in intraday if Nifty open flat and hold support 6161/6153 then buy in deep (S.L 6131) sell at high (S.L 6226).. If Nifty move up watch strong resistance 6216/6226, and if face resistance at high then change strategy as sell at high (S.L 6264) buy in deep (S.L 6153).. Resistance for up move at 6216/6226/6246/6264/6284.. Supports at 6161/6153/6131/6093..