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Wednesday, April 13, 2011

(1) Nifty Chart & Levels For 13/04/2011 ::


Nifty :: Body Gap down, Black Spinning Top neutral direction candle with low volume.. As per last post Nifty given close near important level 5783.. NSI still hold multiple supports even after Nifty close in dip red.. Short term indicator are enter in oversold region.. Mean bulls forcefully try to hold last 11 day’s higher high rally.. Still short term momentum bearish as far as Nifty close below 5816.. In intraday treading watch resistance 5797/5816 and use sell only at high strategy (S.L 5835) buy in deep.. If Nifty open gap down below 5777 watch strong support zone 5733 to 5712.. If Nifty hold this support zone then wait and change strategy at lower level, as buy in deep with small (S.L 5712) sell at high for small intraday swing only.. Below 5712/5700 next strong support only near 5650 levels. Resistance for up move at 5797/5812/5835/5866.. Supports at 5769/6749/5733/5712..

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