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Tuesday, December 21, 2010

(1) Nifty Chart For 21/12/2010 ::


Nifty :: Bullish candle but again with low volume in corrective up move.. NSI slightly turn down and made bearish divergence.. Conformation of bearish divergence only below strong support
5922/5900.. In intraday treading watch one level 5948.. Above 5948 momentum seems up, below 5948 momentum turn down .. Trade accordingly above or below 5948.. If Nifty correct after open watch 5922/5900.. If Hold this two support then change strategy as buy in deep (S.L 5855) sell at high (S.L 5956).. If Nifty move up above 5948 then watch 5973/6000, if face resistance near this level then again change strategy as sell at high (S.L 6013) buy in deep(S.L 5948).. Resistance forup move at 5956/5973/6000/6013.. Supports at 5922/5900/5888/5868/5855..

Posted by MY CHART at 12/21/2010 02:47:00 AM

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