(1) Nifty Chart For 06/01/2011 ::

Nifty :: Body Gap Down, Belt Hold Line bear candle but again with low volume.. As per our yesterday post below 6116 Nifty slide more then 50 points in intraday.. As per chart and technical indicator clear sign of bearish structure as far as Nifty stay below 6173/ 6181.. Check our advance indicator NSI, its generate short term buy signal in deep.. May be bounce possible from low today or in Friday treading session.. Now avoid shorting at low and use buy in deep strategy in intraday near strong support level but with strictly stop loss.. Nifty turns strong only above 6101, for target till next strong resistance zone between 6137/6143.. Our strategy for 6^th Jan 2011, watch first support 6062 and below it next strong support zone 6037/6032.. If Nifty hold first support 6062 buy with S.L 6032.. If Nifty break 6062 in intraday then buy again near next support and revise stop 6000.. If gap up opining, wait for last strong resistance zone and change strategy as sell at high (S.L 6143) buy in deep.. Resistance for up move at 6096/6101/6124/6137/6143.. Supports at 6062/6046/6037/6032..