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Wednesday, October 20, 2010

(1) Nifty Chart For 20/10/2010 ::


Nifty :: Long Black Candle with Bearish Treading Candle Take over pattern.. As per our last post 6038 works as an important level as closing basis, and finally Nifty close below it.. Mid term correction already conform.. Now more conformation required NSI breakdown below 30/20 levels with Nifty below 5963.. Till then book fast profit those who shorted at high in gap down and avoid short near last three given support.. For 20th Oct watch one level below 6031 momentum seems down, above 6038 up. It’s mean below 6031 stay in sell and above 6038 stay in buy.. Our strategy in intraday, If Nifty open gap down, first watch 5985, if break 5985 momentum turn more bearish, then stay in sell and watch given last three support, if hold any of given support then buy in deep (S.L 5902) sell at high (S.L 6038).. Resistance for up move at 6046/6057/6083/6115.. Supports at 5985/5963/5942/5828/5092..

Posted by MY CHART at 10/20/2010 02:33:00 AM

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