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Saturday, June 02, 2007

(1) Nifty Chart For 04/06/07

NIFTY CHART

Nifty : In Nifty chart there is too many bearish condition formed. Many time when this type of bearish condition formed we say all time in advance. But here we conform bearish ness only after break bellow 4205.. Bearish Wolfe wave formed. Doji star, A long upper shadow (which give conformation at next bar).. and divergence in all indicator.. But we say please don’t short at lower level short only after conformation (or at high with S.L 4326) still momentum is up..Our strategy for 4th Jun Buy on deep sell at high.. Resistance for up move 4308/4307/ and strong resistance 4326.. Support for down move at 4285/4276/and strong support 4237/4205.. Break out required 4326 for big up move and 4205 for big down move...

Posted by MY CHART at 6/02/2007 03:47:00 PM

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