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Tuesday, January 11, 2011

(1) Nifty Chart & Levels For 11/01/11 ::


Nifty :: Body Gap down long bearish candle but again with low volume.. No doubt overall mid term trend turn negative, but short term indicator are in extreme oversold region.. Price near last low.. NSI slightly turn up form bottom.. Again we repeat as per yesterday post, same thing may be happen , strong and sharp corrective bounce possible from low in intraday as far as hold 5690, and that’s why avoid shorting at lower level.. Watch support levels and use buy in deep strategy for corrective up swing with strictly stop loss 5690 or maximum 5683.. For intraday small swing treading on 11th Jan watch one level 5763 above 5763 momentum turn up and turn strong above 5785.. Resistance for up move at 5785/5814/ 5835/5853/5877.. Supports at 5740/5721/5704/5690/5683…

Posted by MY CHART at 1/11/2011 03:04:00 AM

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