Nifty EOD Chart 09-01-09

This is for education purpose only and may not be useful for trading

Daily charts: Trade short if markets unable to sustain above 2930. SL at 3150.
More shorts can be added if 2800 breaks.

Weekly charts: buy mode with swing reversal at 2800. This is likely to whipsaw as mkts hve been rangebound for 3-4 weeks.

Other comments: The 20 day swing will give a sell if markets close below 2812. Incidentally markets made a low of 2810 and recovered.