(1) Nifty Chart & Levels For 04/02/2011 ::
Nifty :: Second insider day.. Made Homing Pigeon conformation candle pattern with bullish Engulfing candle pattern.. NSI still in up trend, but near resistance zone.. Now watch breakout level 5540, above 5540 momentum seems up, below 5540 momentum down.. Use level 5540 for small swing buy or sell trade.. Above 5540 next strong resistance at 5555 and 5602.. Avoid to give long commitment if Nifty open gap up due to NSI resistance zone with corrective up move.. Still NSI in up trend with short term positive indicator, use buy in dip strategy up to 5492 with strictly stop loss 5464 or maximum 5442.. Resistance for up move at 5540/5555/5562/5574/5602.. Supports at 5492/5464/5447..