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Tuesday, July 14, 2009

(1) Nifty Chart For 14/07/2009 ::


Nifty :: We clearly indicate in our weekly post that any time bounce beck possible from strong support zone and Elliott wave target zone.. As per wave count Y of c target almost achieved in morning session.. Still mid term momentum down. H&S target pending, and that’s why avoid buying if Nifty open gap up.. Now any up move H&S breakdown level works as strong resistance.. As far as Nifty stay above 3955/3943 short term momentum up.. Our strategy for 14th July buy on deep (S.L 3943) Sell at high (S.L 4130).. If Nifty open gap up and move up near last three resistance reverse your strategy as sell at high (S.L 4130) buy on deep (S.L 3943).. Resistance for up move at 4039/4064/4090/4105/ 4130.. Supports at 3955/3943/3920/3870..

Posted by MY CHART at 7/14/2009 01:56:00 AM

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