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Friday, October 22, 2010

(1) Nifty Chart For 22/10/2010 ::



Nifty :: Morning Star Body Gap Up bullish candle, but again with low volume.. NSI near strong resistance zone.. This up move may be corrective only as far as stay below 6222.. Be careful at high and avoid to give long commitment at high, buy only in deeps with strictly stop loss.. For intraday treading on 22nd Oct. Watch one level 6099, below 6099 momentum seems down, above 6099 momentum up.. Our strategy in intraday treading watch strong resistance 6126/6152/6163, if Nifty turns up above 6099 watch given resistance and if face resistance at any of this three levels then sell at high (S.L 6163) buy in deep(6099).. If Nifty turn down after open watch support 6099/6092 and if take support near this two level then buy in deep(S.L 6092) sell at high.. Below 6092 stay in sell with S.L 6099.. Resistance for up move at 6126/6141/6152/6163/6188.. Supports at 6092/6061/6045/6038/ 6000..

Posted by MY CHART at 10/22/2010 02:18:00 AM

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