2011/01/17

But.. At new low with full of weekly conformation Daily and intraday short term indicator made positive divergence with NSI.. Watch first strong support 5640 on 17th Jan 2011. Below 5640 next strong support zone 5600 to 5540.Avoid shorting in hammering.. Conservative intraday trader watch 5640, if Nifty correct and again move up above 5640 then enter for buy with Monday low stop loss.. If Nifty hold 5640 then enter with stop loss 5640, and if Nifty correct sharp below 5640, aggressive trader watch strong support zone 5600 to 5540 and enter for short term corrective buy with stop loss 5540.. Use strictly small stop in all buying due to major bearish chart formation..