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Monday, November 22, 2010

(1) Nifty Chart For 22/11/2010 ::


Nifty :: After an bullish Homing Pigeon rare candle pattern.. Nifty made 8th lower low but this time with low volume made one more bullish pattern.. Close above important support 5873.. NSI made higher high even after Nifty break last low.. In next week watch strong support 5873/5863.. As far as Nifty hold this two support minimum bounce may be possible up to 5988 with oversold short term indicator.. If Nifty break 5863 next strong support and buy zone in between 5821 to 5765 with stop of 5765.. Avoid shorting at low .. Our strategy for 22nd Nov. intraday, as far as Nifty hold 5863 buy in deep (S.L 5863) sell at high.. If Nifty break 5863 wait till next support 5821 to 5806 and again buy in deep (S.L 5765) sell at high.. Resistance for up move at 5906/5936/5940/5950..
Supports at 5873/5863/5821/5806..

Posted by MY CHART at 11/22/2010 12:49:00 AM

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