(1) Nifty & Vix Charts For 11/02/2011 ::

Nifty :: Again Body Gap Down bearish candle with volume.. Constant 8^th lower low.. Always this thing happen in our market, when its move up, made 8 to 10 higher high, when it correct made 8 to 10 lower low, in extreme and its works as turning point.. NSI already move up second time from extreme low, just below breakout.. Vix correct from resistance as per yesterday post.. Indicator are in extreme oversold region.. No way for shorting.. Be careful, as we say in advance, any time sharp bounce possible for 4^th corrective impulse long wave. For intraday treading on 11^th Feb. watch one level 5205, as far as Nifty stay above 5205 momentum seems up and turn strong above 5246.. First watch 5205 and use buy in deep strategy with stop loss of 5196. Resistance for up move at 5246/5272/5309/5334.. Supports at 5205/5197/5169/ 5128..