(1) Nifty Chart For 29/10/2010 ::
Nifty :: Long bearish candle with highest ever turnover on expire day.. As per yesterday post Nifty turn up in morning but in final hour turn down sharply.. Exactly take support at neck line of bearish H&S pattern.. Now this level, 5966 works as important level on Friday with NSI support.. Most probable within one or two day’s we see breakdown of neck line, but up to 5966 avoid shorting.. For intraday treading watch one level 6009, above 6009 momentum seems up, below 6009 momentum down.. Trade accordingly above or below 6009.. Above 6009 strong resistance in between 6034 to 6045 and 6075.. If face resistance at any of this levels use sell at high strategy with strictly stop loss 6090.. Resistance for up move at 6009/6034/6045/6075.. Supports at 5966/5948/5932/5907..