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Friday, October 17, 2008

(1) Nifty Chart For 17/10/2008 ::


Nifty :: A long lower shadow & Hammer , bullish candle pattern occurred.. We clearly indicate in our yesterday post that it might be last extended C of 5th wave.. And it may be finish today. Treading above today’s high give more conformation about bullish candle pattern structure.. In one level above 3316 momentum seems up, below 3259 momentum down.. Our strategy for 17th Oct. above 3316 buy on deep sell at high.. Resistance for up move at 3316/3376/3396/3441/3490/3594.. Supports at 3259/3200/ 3150/3076..

Posted by MY CHART at 10/17/2008 02:01:00 AM

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