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Thursday, June 18, 2009

(1) Nifty Chart For 18/06/2009 ::


Nifty :: And Wolfe Wave strike again at top. Almost achieve target. As we say all word market made short term top formation in chart.. In log scale chart Sensex break long term support trend line and close below it. Intraday chart already made lower top lower bottom formation..Still awaiting for this formation in daily chart for mid term correction.. May be we see bounce beck from lower level and that’s why avoid short at lower level.. In one level above 4330 momentum up , below 4330 momentum down.. Watch first strong support 4322/4300.. Still our strategy same as yesterday Sell at high (S.L 4500) Buy on deep (S.L 4296) .. Resistance for up move at 4382/4480/4500/4560.. Supports at 4322/4300/4260/4155..

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