(1) Nifty Chart & Levels For 14/02/2011 ::

Nifty :: We constant say about sharp bounce in this week, with supporting Vix chart from last two day’s post, and it is, exactly sharp bounce with 9^th lower low and made an Double Engulfing Bullish candle pattern.. Now as far as Nifty hold 5177 momentum turns up for short term.. NSI given breakout above last high.. Still Nifty in corrective up move and too many resistance at higher level, be careful to give long commitment if Nifty open gap up.. Watch resistance in intraday on 14^th Feb. above 5323 next strong resistance at 5346, 5367.. Use buy only in deep strategy, as far as Nifty hold 5266 with strictly stop loss 5232.. Resistance for up move at 5323/5339/5346/5367/5412.. Supports at 5300/5372/5366/5332..