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Friday, March 11, 2011

(1) Nifty Chart & Levels For 11/03/2011 ::


Nifty :: Three River Evening Doji Star bearish candle pattern, conformation of Double Black Doji Star major reversal candle pattern which made yesterday.. NSI in down trend.. As per weekly first post required closing below 5464/5458 for more bearish structure for short term.. In between 5400 to 5300 still too many strong supports on the way.. Be careful in shorting, if Nifty open gap down with international market support, yes momentum turn bearish with all technical terms, but wait for corrective up then only short with next level strictly stop loss.. Resistance for up move at 5516/5533/5548/5563.. Supports at 5469/5464/5458/5438/5408/5375..

Posted by MY CHART at 3/11/2011 02:49:00 AM

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