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Tuesday, November 16, 2010

(1) Nifty Chart For 16/11/2010 ::


Nifty :: Bullish Harami candle pattern, but again with low volume.. Momentum turns up as per
our yesterday post but, now NSI facing strong resistance near 50/60 levels.. Be careful at higher level and avoid to give long commitment at high.. Short term minor 1st of 4th leg may form at current up move as far as stay below 6223.. Use buy only in deep strategy up to 6056 with stop of 6040.. Important levels to watch in coming days’ 6040 to 6000 in correction and 6200 to 6223 in up move.. Our strategy for 16th Nov if Nifty open gap up watch resistance 6146, above it, 6174/ 6186 and sell at high (S.L 6206) buy in deep (S.L 5040).. If Nifty correct after open watch support 6094/6073 and change strategy as buy in deep (S.L 6040) sell at high (S.L 6146).. Resistance for up move at 6146/6163/6174/6186 .. Supports at 6094/6074/6056/6040..

Posted by MY CHART at 11/16/2010 01:29:00 AM

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