Nifty & Nsi Charts & Levels For 11/10/2012

[MyCharts]

 

Nifty :: Body Gap Down, Black Spinning top neutral direction candle given breakdown of  insider day.. Advance indicator NSI in down trend but near to multiple support zone.. Short term indicator touch oversold region.. Be careful in shorting at extended lower level.. Watch support level 5644/5642, below it strong support 5617/5586.. Still overall momentum down, as far as Nifty stay below 5682, in intraday treading use sell ONLY at high strategy with stop-loss 5691, and again repeat, avoid shorting at lower level near given support zone .. Resistance for up move at 5682/5691/5704.. Supports at 5642/5630/5617/5586..