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Wednesday, May 06, 2009

(1) Nifty Chart For 06/05/2009 ::


Nifty :: An Doji candle pattern near target zone.. As we say in yesterday post be careful at every high.. If Primary Zigzag W-X-Y of Y running with c leg Nifty already enter in extreme target.. If Y running with 1-2-3-4-5 extreme target of 5th wave 3700 to 3950.. Nifty near to Flag pattern target.. All daily indicator give bearish divergence.. Each and every thing against bulls.. Watch strong resistance 3700/3711/3732.. And support 3620/3585/ 3580.. As far as stay above 3620 momentum is up but buy only in deep with strictly S.L 3580.. Below 3585/3580 next strong support at 3521.. 3521 works as long stop loss.. For 6th May Resistance for up move at 3700/3711/3732/3800.. Supports at 3620/3585/3580/ 3557/3521/3410..

Posted by MY CHART at 5/06/2009 01:48:00 AM

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