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Tuesday, December 02, 2008

(1) Nifty Chart For 02/12/2008 ::


Nifty :: Again momentum sharply turns down with Engulfing bearish candle. Now for 2nd Dec. watch important level as per our last weekly post for 5th wave downward momentum 2633 & 2612.Below 2612 give conformation of 5th leg of B yet to go.((Our 23/11 post (2)May be B leg start as Intermediate impulse 1-2-3-4-5 of 3 over and 4th still running as far as stay below 2860.. Target of 4th in between 2776 to 2860)) Break down of 2612 next strong supports comes at 2508/2450.. Our strategy for 2nd Dec first we watch 2633/2612, below 2612 sell at high buy on deep.. Resistance for up move at 2708/2822/2843.. Supports 2633/2612/2586/2508/2450..

Posted by MY CHART at 12/02/2008 08:42:00 AM

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