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Friday, July 20, 2007

(1) Nifty Chart For 20/07/07



Nifty : Nifty reach first 5th target today at 4560.Still momentum up.. But Nifty in very highly overbought zone..Check Rsi value in chart and see what’s happen in last Rsi overbought zone. Wolfe wave still alive.(please check Wolfe wave example in last post). But...but.. short only after conformation. We again advice our visitor caution at higher level .. Go with trend but don’t hold your position over night. Or put strictly S.L in your buying.In one level above 4538 momentum up below 4538 momentum down.. Strong resistance for up move at 4585/4603/4636.. Support for down move at 4560/4550/4538/ 4496.. Trade with our Nifty spot buy sell level..

Posted by MY CHART at 7/20/2007 02:36:00 AM

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