Spot Nifty Chart - Daily:
Spot Nifty formed a Gravestone Doji in daily charts on last Thursday, but on Friday It gave a gap up instead of opening gap down. Till 4886 is taken out supply may come in at higher levels.
Nifty Intraday Chart - 5 mins:
Nifty broke the resistance line in intraday, which may act as support for today.
Nifty Chart - Hourly:
On the higher side 4890 may act as an important resistance. 4867 may act as intermediate resistance.
On the lower side support trend line may give support which is at 4828 level, Below which 4800 - 4795 - 4785 levels may give good support for Nifty.
Monday, September 14, 2009
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7 comments:
sir oi pcr is 1.74 .time for short.also 2 day broken.
2 day sma
Hi ranjit,
Nifty is pulling back from every new low, I would suggest to take new short trades only below 4785 level. Also it is just below the support/resistance trend line. If break out happens it is better to take long trade for small profits.
-Doji
Thanks Doji
Thanks for your charts mam, it's very educative..
Regards
Thanks Sujatha
-Doji
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