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Friday, February 18, 2011

(1) Nifty Chart & Levels For 18/02/2011 ::


Nifty :: Body gap up bullish candle, neglect bearish candle pattern setup.. Volume slightly turn high from previous 2 day’s but still below average.. NSI moving sideways in positive territory.. Short term indicator are in overbought region.. For 18th Feb. watch first breakout level or strong resistance level 5556/5664, above it momentum once again turn strong but Nifty still in corrective up move so be careful at higher level, book fast profit above breakout and use sell only at high strategy at every resistance level with strictly stop loss of next resistance level.. May be V shape rally near to end for short term within one or two day’s.. Resistance for up move at 5556/5564/5580/5601/5614.. Supports at 5518/5506/5467/5460..

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