Sunday, August 20, 2006

Tipss_Bse_Nse - 21/8/06 Chart - 1

Down side 3 arrow denotes the support at 3343-3339-3329. Up side 2 arrow denotes resistance at 3384-3370-3355. Nifty form the lower top. Dear All Nifty Support at 3340. ADX & RSI(14) factors favour nifty. So, Open above 3354 will boost the nifty towards 3410. Don't short in the market. See the rangeboundness for the past 3 days. See the second chart there is no violation of strong uptrend line. Resistance 3371-3385-3409. If nifty manage to move above 3354 the resistance at 3371-3387-3409 otherewise support at 3340-3330-3317. regds / SIVA

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