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Friday, June 05, 2009

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


Nifty :: After 3day’s consolidation with an insider day Nifty made triple bottom near 4450.. Now 4450 works as long term stop loss in buying.. Once again we repeat, be careful in up move still indicators are not supporting any major breakout.. For 5th Jun watch first breakout level 4486 above it next strong resistance 4610.. After breakout of 4610 Nifty may be easily touch our last weekly post Elliott Wave target.. Our strategy for only intraday above 4610 buy on deep sell at high (S.L 4788).. Or if Nifty face strong resistance near 4610 sell at high buy on deep (S.L 4450).. Resistance for up move at 4610/4650/4694/4725/4788.. Supports at 4510/4500/4450/4400..

Posted by MY CHART at 6/05/2009 02:31:00 AM

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