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Tuesday, March 08, 2011

(1) Nifty Chart & Levels For 08/03/2011 ::


Nifty :: Black Hangman candle and Three River Evening Black Star Reversal Candle pattern but with low volume.. It might be short term top formation as far as stay below 5540.. NSI still in downtrend but near to lower support level.. Be careful in correction… May be Nifty try to fill gap between 5491 to 5524 in this week.. In gap down use buy only in deep strategy near support level with strictly S.L 5374.. For intraday treading small swing watch 5469, above 5469 momentum turns up for small up swing, up to gap resistance area.. Below 5453 momentum turn down for small down swing.. Use 5469 and 5453 for buy or sell for small swing and wait for next candle conformation.. Resistance for up move at 5490/5508/5524/5540.. Supports at 5438/5418/5408/5386/5375..

Posted by MY CHART at 3/08/2011 07:51:00 AM

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