Monday, August 4, 2008

nifty future 4-8 august weely report

there is light of hope of bull...but this hope so many resentece uperside level..on eod basis markt look ok but at weekly basis chart there is some problmem..price momentam continue from last 3weks..usualy after 3 fig pateern price decling is seen..let the decide makrt .in which directin camel sits.for trading point of view.we will long only above bullihs level.. decling upto wekly lower side is buying upertunity..
UPWAVE(4-5) WUT3 : --4,697
UPWAVE(2-3) WUT2 : --4,631
UPWAVE(0-1) WUT1: --4,525
WUT= WEEKLY UPER TARGET
++++(4,459.29) PRICE IS BULLISH ABOVE WEEKLY PIVOT POINT--------
----(4,418.71) PRICE IS BEARISH BELOW WEEKLY PIVOT POINT--------
WLT= WEEKLY LOWER TARGET
DOWN WAVE(0-1) WLT1 : ---4,353
DOWN WAVE(2-3) WLT2 : : ---4,247
DOWN WAVE(4-5) WLT3 : ---4,181