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Monday, May 02, 2011

(1) Nifty Chart & Levels For 02/05/2011 ::


Nifty :: Body Gap Down, Black Lower Shadow bearish candle with volume.. Below breakdown exactly touch our target and move up as per Friday post.. NSI turn up from support with short term indicator.. As far as Nifty hold important mid term support 5708/5691, momentum side ways.. Avoid shorting at lower level and use buy in deep strategy in intraday treading with strictly small stop loss 5691.. Below 5691 momentum once again turn down for mid term.. For small swing in intraday treading, watch two levels 5752 and 5742, on May 2, 2011., , Above 5752 momentum seems up, below 5742 momentum turn down ..Trade accordingly above or below this two level for small intraday swing with next level stop loss.. Resistance for up move at 5779/5784/5801/5809/5834.. Supports at 5719/5708/5691/5658…

Posted by MY CHART at 5/02/2011 01:47:00 AM

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