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Saturday, July 14, 2007

(1) Nifty Chart For 16/07/07

NIFTY CHART

Nifty : After breakout of heavy resistance zone Nifty move up sharply with big volume.. We plot hear multiple resistance with bearish Wolfe wave. Nifty now in very high overbought zone.. From hear we see very high volatility in Nifty And Sensex.. Ready for big up and down movement any time.. Strong resistance for up move 4513/4525/4537/ 4560 .. Support For down side at 4490/4467/4454/4427… Our strategy for 16th July Buy on deep sell at high… Once again we say from hear please don’t short at lower level without conformation.. We given hear conformation then short at lower level.. Till then trade with our Nifty spot buy sell level..

Posted by MY CHART at 7/14/2007 07:02:00 PM

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