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Thursday, December 02, 2010

(1) Nifty Chart For 02/12/2010 ::


Nifty :: In just one week, now everything settled in world market.. All data looks strong.. All world market surge sharply on Wednesday.. Nifty made Body Gap up bullish candle but again with low volume.. NSI in its extreme, looks like new bull market start.. Be careful at high, NSI must be correct from high.. First down turns corrective zone closing below 6000 and second downturn corrective zone closing near 6100 in this week. For 2nd Dec. watch strong resistance zone in gap up 6015 to 6033.. If Nifty given close above this level, next target or strong resistance zone 6090 to 6113.. Our strategy on 2nd Dec.. If Nifty open gap up and touch first resistance zone sell at high for small down swing (S.L 6033) buy in deep(S.L 5953).. If Nifty break 6033 in opining then avoid buy, but wait for next strong resistance zone and again sell at high (S.L 6113) buy in deep.. Resistance for up move at 5971/5993/6015/6020/6033.. Supports at 5953/5928/5892/ 5871..

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