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Tuesday, July 17, 2007

(1) Nifty Chart For 17/07/07

NIFTY CHART

Nifty : Multiple resistance and bearish Wolfe wave still alive.. Caution at higher level.. Our strategy for 17th July buy on deep sell at high.. Once again we say that don’t short without conformation.(sell only below bottom of small upward yellow channel or at resistance level with strictly S.L) In one level above 4514 momentum up below 4514 momentum down.. Still to many strong resistance for up move 4526/4543/ 4561.. Support at down side 4504/4498/4495.. Trade with our Nifty spot buy sell level..

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