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Tuesday, March 15, 2011

(1) Nifty Chart & Levels For 15/03/2011 ::


Nifty :: Double Engulfing line bullish candle pattern.. But again with low volume.. NSI turn up, but still in sideways.. Still Nifty below bearish crossover long term moving average.. Be careful at high, watch highlighted resistance and use sell at high strategy if market open gap up or move up with (S.L 5608).. Up to 5480 still too many support, if market open gap down due to international market and take support at any level use buy in deep strategy but with strictly stop loss 5456 or maximum 5435.. In sideways momentum intraday treading, book small profit any side and wait for major move breakout above 5608 and breakdown below 5408.. Below 5408 once again Nifty enter in weak zone for shorterm..Resistance for up move at 5563/5573/5595/5608.. Supports at 5499/5480/5456/5435..

Posted by MY CHART at 3/15/2011 02:16:00 AM

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