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Wednesday, April 08, 2009

(1) Nifty Chart For 08/04/2009 ::


Nifty :: We clearly indicate avoid buying at high in our Monday post.. As we say all indicator losses there up swing momentum and required correction or side way momentum near our first Elliott wave target..Nifty straggling near strong channel resistance and move down from high in Monday trade.. Now for 8th April watch 3250 above 3250 momentum seems up, below 3250 momentum turn down.. In down swing closely watch 3120/3092 and 3050.. As far as stay above 3050 mid term momentum up.. But avoid buying without any conformation.. Our strategy for 8th Resistance for up move at 3300/3316/3361/3380/3396.. Supports at 3173/3150/3133/3120/3092/3050/3037.. April sell at high (S.L 3316) buy on deep (S.L 3173)..

Posted by MY CHART at 4/08/2009 01:53:00 AM

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