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nifty may take reverse from this level to 4270-320

 
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Author nifty may take reverse from this level to 4270-320
r.dibya
White Belt
White Belt


Joined: 26 Jun 2008
Posts: 79

Post: #1   PostPosted: Sat Aug 15, 2009 12:59 am    Post subject: nifty may take reverse from this level to 4270-320 Reply with quote

weekly resitance 4580 but this week's closing near 4580. so we r strong resitance zone in weekly 4580 and in daily basis is 4730 level.

we saw in 2 weeks nifty couldn't crossed the resitance line and go back from 4400 level. but in this week nifty break 4400 level and take support near 4270 level

nifty should rise and breakout the resitance line and creat new 52 weeks HIGH. but we will see in next month to touch new high 5000/5200 level( may be in first week ).

i think nifty could not cross the 4700 level due to ahead in EXPIRE. but expire should be near 4600-50 level .

so our strategy for this week ------we will sell at current level tgt. 4320 and buy from this level to 5000/5200 .......

support near 4480/4400/4320 watch this level for creat new position

sell CNX IT @cmp,
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SwingTrader
Site Admin


Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India

Post: #2   PostPosted: Sat Aug 15, 2009 9:12 am    Post subject: Reply with quote

r.dibya,

Please post in the proper forum, you had posted this in "Problems & Complaints" forum. Please do not post there again, that forum is just for problems / complaints related to iCharts tools & services.

Thanks.

_________________
Srikanth Kurdukar
@SwingTrader
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