(1) Nifty Chart & Levels For 17/02/2011 ::
Nifty :: Neutral direction White Spinning Top candle.. An insider bar with low volume.. NSI again turn up from support after decline.. All this three pattern suggest extreme sideways momentum near trend decider resistance zone.. Tomorrow is the last day, to conform faster retracement of last lag, 5wave decline completion.. Nifty must be given breakout of 5549 tomorrow, for further one or two week sideways up momentum strength.. Till then in intraday treading watch first strong resistance 5506/ 5512.. Above 5512 Nifty easily touch last resistance zone in between 5549 to 5564.. For 17th Feb our strategy, if Nifty face resistance near 5500 use sell at high strategy (S.L 5506) buy in deep.. If Nifty break 5506/5512 then change strategy as buy in deep (S.L 5506) sell at high (S.L 5564).. Resistance for up move at 5506/5512/5522/5549/5561/ 5564.. Supports at 5460/5441/5426/5408/5396..