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Monday, June 15, 2009

(1) Nifty Chart For 15/06/2009 ::


Nifty :: As we say from last 3 day’s Nifty constantly face resistance near 4690 region and constantly turn down after touch this level in last three treading session.. Still Wolfe Wave alive.. Nifty near to our Elliott Wave target with extreme over bought condition.. In intraday chart in last treading hour Nifty made triple bottom and try to hold our strong support 4552/4546.. Now for 15th Jun 4552/4546 works as strong support..But in such kind of bearish situation avoid buying if Nifty move up from here.. For intraday watch 4585, above 4585 short term intraday momentum up, below 4585 momentum down.. Our strategy same as yesterday for 15th Jun Sell at high (intraday S.L 4695/positional S.L 4800) buy on deep (S.L 4546).. Resistance for up move at 4695/4722/4740/4788/4800.. Supports at 4552/4546/4474/ 4326/4322..

Posted by MY CHART at 6/15/2009 02:02:00 AM

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