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Monday, February 28, 2011

(1) Nifty Chart & Levels For 28/02/2011 ::


Nifty :: Exactly bounce from support zone 5230 to 5220.. Made an Black Hammer bullish candle with rare Homing Pigeon reversal candle pattern .. NSI smoothly turn up from low and currently in upward direction.. Now on important budget day, watch strong support zone 5230 to 5220.. As far as Nifty hold this bottom and an important support zone, use buy in deep strategy in any correction with strictly stop loss 5220.. Below 5220 last support 5177, below 5177, no hope for bulls till 5050 to 4900 levels.. Bulls may forcefully try to hold this support zone on 28th Feb.. In corrective up move be careful near last three highlighted resistance level.. Resistance for up move at 5336/5366/5391/5413.. Supports at 5295/5270/5253/5238/5225..

Posted by MY CHART at 2/28/2011 01:53:00 AM

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