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Sunday, July 22, 2007

(2) Nifty Chart For 23/07/07



Nifty : A Spinning top and A Long upper shadow occurred in last bar in Nifty chart. Its occurred during rally and a new high it can be sign that index losing momentum and bulls may be in trouble.. Still bearish Wolfe wave alive.. But in down side to many strong support.. We see heavy volatility in coming week.. Avoid short selling at support level.. Our strategy for 23rd July if u get chance sell at high (at resistance with strictly S.L) buy on deep. Supports at 4540/4523/4518/4447.. Resistance for up move 4580/4591/4609… Trade with our Nifty spot buy sell level…

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