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Tuesday, September 08, 2009

(1) Nifty Chart For 08/09/2009 ::


Nifty :: Body gap up bullish candle given fresh breakout of 1-3 line 4756 and exactly close at 61% correction level of entire fall .. Be careful at high due to berish Wolfe Wave & Ending Diagonal pattern, but still short term bullish structure intact.. In coming days 4756 breakout level (1-3 line as closing basis) works as trend decider level.. Above 4756 our strategy for 8th Sep buy in deep (S.L 4740) Sell at high (S.L 4878/4957).. Resistance for up move at 4818/4831/4878/4900/4913/ 4957.. Supports at 4756/4740/4700/4690/4600..
(Still bearish Wolfe Wave and Ending Diagonal pattern valid, Nifty enter in Ending Diagonal pattern target zone.. Sensex Wolfe Wave 1-3 line strong resistance at 16275)

Posted by MY CHART at 9/08/2009 02:54:00 AM

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