June 11, 2009

nifty exteded 3rd up wave following



here nifty eod chart following extended 3rd upwavepossible target of this wave is 4800 area
look 2-3 days more to momentam coll off
then 4th down consolidaton wave in progress
uper side need cautious and must take protection against long
profit booking on long looks highly attractive
still markt has not given sell signal
comming days volatily will increse
trade level of day is as follows
S&P CNX NIFTY Wave* stoplls:4,647 next day_Buy above :4,663.89next day up target>4,692>>4,737>>>4,765
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S&P CNX NIFTY Wave* stoplls :4,664 next day_Short bellow :4,646.61next day lower target >4,619>>4,573>>>4,545