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Thursday, October 16, 2008

(1) Nifty Chart For 16/10/2008 ::


Nifty :: After an multiple bearish candle pattern Nifty break one by one all imp support. We clearly indicate such kind of situation in our 14th Oct. post.. Once again Nifty enter in strong support zone between 3320 to 3230.. Below it next strong support 3155/3076/3000. As per wave count it may be last leg of extended C of 5th wave. And that’s why look this correction as buying opportunity.. Slowly- Slowly accumulated A group stock in every decline for mid term prospective. Our strategy for 16th Oct. Sell at high (S.L 3494) Buy on deep.. Resistance for up move at 3388/3460/3494.. Supports 3272/3250/3200/3155/3076/3000..

Posted by MY CHART at 10/16/2008 02:11:00 AM

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