July 1, 2009

1 aug>nifty traingular formaiton...



here nify eod chart analyiswe r progresing 4h corective waveits complex paatern (triangular formation)traingular shape takes a b c d e wave copletion4450 was d wave target and now we r followong towards e wavehope a-c-e will act support zone thenthen 5ht up wave .on card..look upside arrowtrade cautious..since length of d -e wave is small and cofuisng..and any side reversal will be strong.....obey ..level for day
S&P CNX NIFTY* RC Wave* stoplls:4,294 next day_Buy above :4,316.43next day up target>4,353>>4,413>
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S&P CNX NIFTY* RC Wave* stoplls :4,316 next day_Short bellow :4,293.67next day lower target >4,257>>4,197>>>4

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