(1) Nifty Chart For 03/12/2010 ::

Nifty :: Black Hangman bearish candle and bearish gap between red and green candle..NSI turn down exactly from top resistance..Upward corrective move turns risky with overbought short term indicator..Avoid to give long commitment at higher level.. Watch first resistance 6026/ 6038 after it next strong resistance only at 6059/6091 and watch strong support, gap area 5980 to 5971.. Intraday treading watch one level 6018, above 6018 momentum seems up, below 6018 momentum down.. Trade accordingly above or below 6018 for small swing only… Our strategy for 3rd Dec.. If Nifty open down watch gap area support and buy in deep (S.L 5966) sell at high (6026).. If Nifty move up watch first resistance zone 6026 to 6038, if face resistance at high then change strategy as sell at high (S.L 6038) buy in deep(S.L 6018).. Above 6036 next strong resistance only at 6059/6091 and again use sell at high strategy near resistance with S.L 6091.. Resistance for up move at 6026/6038/6045/6059/6091.. Supports at 5998/5980/5971/5966/5928..