(1) Nifty Chart For 02/07/07
Nifty : (Two insider bar with small triangle.. Any side breakout given decent return ).. Our Nifty post for 29/06/07.. Nifty given breakout of insider bar, small triangle, and falling channel. For 2nd July 4305 level work as strong support if traded above 4305 momentum up and if traded below 4305 momentum down. In 2nd July post we plot Elliott wave cont. As wave count this one moving 5th and last wave. Nifty face first resistance for up move at 4326/4340/4363..Support for down side at 4305/4296/4271/4255.. .(If every thing is in control tentatively target for 5th at 4555 after and only after break of last high 4363..Who neither remains overtly bullish, nor overtly bearish, but the one who is successful is the one who keeps tab on trend, who takes quick decisions as per trend.. )
for all other people calls please trade at your own risk