(1) Nifty Chart & Levels For 01/02/2011 ::

Nifty :: Body Gap down bullish candle with slightly low volume against Friday volume.. NSI and short term indicator move up with positive divergence.. Now use buy in deep strategy only with strictly stop 5439 or maximum 5416. In corrective up move be careful at high and avoid to give long commitment at higher level.. In Intra day treading watch one level 5527 and 5511, above 5527 momentum seems up, below 5511 momentum once again turn down . Trade accordingly above or below this two level for small swing.. For major swing watch strong resistance in gap up 5564/5582, if face resistance near this two level then change intraday strategy as sell at high (S.L 6610) buy in deep.. If market correct again below 5511 then watch support 5472/5446 and use buy in deep strategy with S.L 5439… Resistance for up move at 5527/5539/5564/5582/6610.. Supports at 5472/5446/5439/5416.. .