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Monday, December 13, 2010

(1) Nifty Chart For 13/12/2010 ::


Nifty :: Pricing line bullish candle pattern with normal volume.. But weekly chart made bearish Dark Cloud cover candle pattern.. NSI exactly bounce from low as per our Friday post.. In Intraday treading as far as Nifty stay above 5832 or maximum 5803 momentum seems up and nothing too worry for bulls.. Use buy only in deep strategy up to above strong support level.. For next hole week watch important closing level 5813 and 5750.. If Nifty once again turn down and given weekly close below this two level, once again momentum turns bearish.. Our strategy for 13th Dec in intraday trending.. Up to 5832 buy in deep (S.L 5803) sell at high (S.L 5957).. If Nifty open gap up near last two strong resistance then avoid buying, and if face resistance near this two last resistance level then change strategy as sell at high (S.L 5957) buy in deep (S.L 5832).. Resistance for up move at 5876/5895/5937/5957.. Supports at 5832/5812/5803/5778..

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