Saturday, July 5, 2008

nifty future 07-11july weekly report

as we exprexed our last week view this is last leg of selling..markt behaved some what like that..first toched to lower traget then smart recovry 200+ in a single day .thne 4k to 3800 area consolidated.this all show that bull has been awaken now.but bulls has not taken charge completly.this week might same story repeat..market volatity high on card.. but deifnitely this area is accumulation area of coming days..buying at lower is advisible .PIVOT , LOWER TARGET AND UPER TARGET VALID ONLY FOR CURRENT WEEK ONLY ---------------------
UPWAVE(4-5) WUT3 : --4,240
UPWAVE(2-3) WUT2 : --4,170
UPWAVE(0-1) WUT1: --4,057
WUT= WEEKLY UPER TARGET
++++(3,986.86) PRICE IS BULLISH ABOVE WEEKLY PIVOT POINT--------
----(3,943.64) PRICE IS BEARISH BELOW WEEKLY PIVOT POINT--------
WLT= WEEKLY LOWER TARGET
DOWN WAVE(0-1) WLT1 : ---3,874
DOWN WAVE(2-3) WLT2 : : ---3,760
DOWN WAVE(4-5) WLT3 : ---3,690