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Thursday, November 11, 2010

(1) Nifty Chart For 11/11/2010 ::


Nifty :: Gravity of Gaps attract market downward from high.. Made an Black spinning top neutral direction candle with Black Star Reversal and bearish Engulfing line candle pattern.. Suggest short term top may be formed as far as Nifty stay below 6310 in manipulated market.. More conformation only after breakdown of 6243 with NSI breakdown.. For 11th Nov watch one level 6294, above 6294 momentum turn up, below 6294 momentum seems down for small swing.. Avoid shorting at low as far as Nifty hold 6243.. Our strategy for intraday.. If Nifty open flat and turn down then buy in deep (S.L 6243) sell at high (S.L 6294).. If Nifty move up watch first three resistance and if face resistance then sell at high (Strictly S.L 6310) buy in deep (S.L 6262)..Avoid shorting above 6310.. Resistance for up move at 6294/6304/6310/6328/6352.. Supports at 6262/6243/6200/6182..

Posted by MY CHART at 11/11/2010 02:51:00 AM

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