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Thursday, June 05, 2008

(1) Nifty Chart For 05/06/2008 ::


Nifty :: Nifty try to take an important support 4626 but unable to hold above it and fall down sharply after break down of 4626.. Still 2/3 last strong support comes on the way and its last chance for bulls.. May be we see some consolidation at current level with positive bias, momentum turn strong only after Nifty close above 4626 and 4650.. Still momentum down up to 4800 and that’s why our strategy for 5th Jun. Sell at high (S.L 4753) buy on dip (S.L 4495) ..Or vise a versa buy on dip (S.L 4495) Sell at high (S.L 4753).. Resistance for up move at 4630/4701/4724/4753.. Supports 4528/4495/4468..

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