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Tuesday, December 07, 2010

(1) Nifty Chart For 07/12/2010 ::


Nifty :: Again bearish candle but with low volume.. Nifty turn down from higher resistance, but
NSI move up from low.. As far as Nifty hold last low and strong support zone 5980 to 5964
nothing to worry for bulls.. If Nifty break 5964 minimum next lower target 5925/5880.. Till then intraday trading use buy in deep strategy with strictly stop loss 5964.. Watch one more
important level on 7th Dec 6000.. Above 6000 momentum seems up, below 6000 momentum side way down..Stay in sell below 6000.. Our strategy for 7th Dec. If Nifty open flat and turn down then buy in deep (S.L 5964) sell at high.. Above 6000 hold buy position with S.L 5980, and below 5964 hold sell position with S.L 5980. Resistance for up move 6030/6065/6073/6091.. Supports at 5980/5970/5964..

Posted by MY CHART at 12/07/2010 07:53:00 AM

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