(1) Nifty Chart For 17/08/07

Nifty : As per our Monday Sensex wave count post… Sensex exactly first go up and turn down for Y wave.(We draw this path as red arrow). And near to our maximum target 14050.. Now watch Sensex Maximum target level 14050… In Nifty one, level below 4238 momentum down, above 4238 momentum up… In Nifty chart we draw two strong support zones first at 4103 to 4150 and second one at 3913 to 3948… One strong supp also there at 4085… For 17^th August we see range bound treading in between 4085 to 4238.. Any time Nifty bounce beck from support zone..We advice our visitor please don’t short at lower level. Or if u holds your short position please cover at support level. Nifty now enter at highly oversold region. And 17^th and 20^th August is turning days…Still nothing good in daily chart so bounce beck for up move is limited… Our strategy for 17^th August buy on deep and sell at high.. Resistance for up move 4193/4207/4238/4254/4284.. Support for down side 4133/4118/4085… Trade with our Nifty cash buy sell level which are given above Nifty chart