Monday, August 11, 2008

nifty future weekly report 11-15 august

in last week have expressed our view 4600 and 4800 is uperward channel line .and market beahved like same way.after taking dip nifty future ready to go 4800 and will react same way as happened with last week.for trading point of view upper side booking profit is better trade idea
UPWAVE(4-5) WUT3 : --4,793
UPWAVE(2-3) WUT2 : --4,730
UPWAVE(0-1) WUT1: --4,630
WUT= WEEKLY UPER TARGET
++++(4,567.25) PRICE IS BULLISH ABOVE WEEKLY PIVOT POINT--------
----(4,528.75) PRICE IS BEARISH BELOW WEEKLY PIVOT POINT--------
WLT= WEEKLY LOWER TARGET
DOWN WAVE(0-1) WLT1 : ---4,466
DOWN WAVE(2-3) WLT2 : : ---4,366
DOWN WAVE(4-5) WLT3 : ---4,303