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Wednesday, March 07, 2007

(1) Nifty Chart For 07/03/07



Nifty : As we say on Monday chart Nifty try to close above wolfe wave 1-4 trend line.(now its works as support 3618) And we draw yesterday support zone exactly bounce beck from this support zone. Now close above wolfe wave trend line no woary for bulls atleast one or two days..Sensex also get double bottom at 12350.And in hourly chart form higher top higher bottom.Both Sensex and Nifty close above 200 day Ema. As far as sensex stay above 12000 bull market still alive…for upper side nifty face strong resistance at 3712/3750 for down side support comes at 3648/3618/3600…Same strategy for 7th buy on dip sell at high..Use Nifty spot level for buy and sell…

Posted by MY CHART at 3/07/2007 01:53:00 AM

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