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Monday, June 08, 2009

Nifty Chart For 08/06/2009 ::


Nifty :: Once again an Spinning top candle pattern near our stop loss level.. Nifty given breakout above 4586 but still facing strong resistance near 4650.. Watch this level for further up move.. For 8th Jun watch two strong support level 4566/4560.. Below it next Nifty target near 4450/4430.. From last week we constantly say’s that avoid buying at high.. Healthy correction due within 2/3 days . Be cautious at higher level use every high for profit booking.. Our strategy for 8th Jun sell at high (S.L 4650) Buy on deep (S.L 4450).. Resistance for up move at 4617/4650/4694/4719/4788.. Supports at 4566/4560/ 4450/4430..

Posted by MY CHART at 6/08/2009 01:55:00 AM

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