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Monday, November 15, 2010

(1) Nifty Chart For 15/11/2010 ::


Nifty :: Enter in last gap region made Body Gap down, Engulfing Bearish pattern continuation, with volume.. Now revise aggressive sell stop at 6202 those who sell at high.. After long time NSI given breakdown of strong support level 20.. First sign of mid term healthy correction.. Will wait for more conformation, as lower top lower bottom, with breakdown of last pivotal low.. Till then for intraday treading on 15th Nov. watch strong support zone 6056 to 6002.. Bounce may be possible from lower level.. Avoid sell near low, aggressive bearish conformation and lower level buy stop at 5974.. Our strategy in intraday if Nifty open gap down or flat watch given strong support zone up to 6002 and buy in deep (strictly S.L 5974) sell at high (S.L 6108).. Resistance for up move at 6108/6149/6179/6183.. Supports at 6056/6032/6018/6002/5974..

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