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Thursday, May 17, 2007

(1) Nifty Chart For 17/05/07

NIFTY CHART


Nifty: (Stay above 4088 nothing to worry for bulls)Our yesterday post .And it is. Today Sensex also touch our Wolfe wave target 1-4 line.. Now for 17th May 4151 works as strong support. Just two hurdle for up move to reach new high in Nifty 4207/4218 and in sensex 14218/and strong resistance 14294.. If break all resistance then we see new high. Till then buy on dip sell at high.(sell near 14294 and wait for next break out or put strictly stop loss for buying).. Down side support for Nifty at 4151/4134/4124..

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