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Friday, May 08, 2009

(1) Nifty Chart For 08/05/2009 ::


Nifty :: Try to hold channel breakout level 3600. Made an insider day with Engulfing bullish candle pattern.. As far as stay above 3608 nothing to worry for bulls… All daily indicators are in long bearish divergence.. Nifty already treading in our Elliot wave target and already achieved flag pattern target.. Be careful at higher level.. Exit all long position once Nifty breaks 3608. . For 8th May watch one level 3665 above 3665 momentum seems up, below 3665 momentum down.. Our strategy for 8th May up to 3751 sell at high (S.L 3751) Buy on deep (S.L 3608).. Resistance for up move at 3700/3717/ 3732/3751/3800.. Supports at 3625/3612/3608/3578/3523..

Posted by MY CHART at 5/08/2009 02:02:00 AM

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