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Tuesday, February 22, 2011

(1) Nifty Chart & Levels For 22/02/2011 ::


Nifty :: Piercing Line bullish candle but again with low volume.. NSI again turn up from low and facing resistance near last high.. As per chart, still too many resistance at higher level.. Watch strong resistance zone in between 5600 to 5613.. Be careful at higher level.. Avoid to give long commitment if Nifty open gap up… In intraday treading, watch given strong resistance zone, and use sell at high strategy with S.L 5613.. If Nifty correct after open watch strong support zone 5482 to 5453 and change strategy for small swing only as buy in deep near any of given support (S.L 5453) sell at high.. Resistance for up move at 5553/5580/5600/5607/5613.. Supports at 5500/5482/5465/5453..

Posted by MY CHART at 2/22/2011 01:57:00 AM

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