Sunday, September 21, 2008

range bound expiry -22-26 weekly report

it looks this up rally has some more upside on morning opeinging but difficult to sustian upside.higher side is shorting upertunity and lower side short covering is best trade idea. this week .on houly scale nifty future bullish so in intermedite term consolidation cant ignore..tehcnicaly this nifty 4400 and 4150 area has to be consolodite first..so call selling 4400 and 4150 is good option stergies
UPWAVE(0-1) WUT1: --4,426
WUT= WEEKLY UPER TARGET
++++(4,314.55) PRICE IS BULLISH ABOVE WEEKLY PIVOT POINT--------
-----(4,245.45) PRICE IS BEARISH BELOW WEEKLY PIVOT POINT--------
WLT= WEEKLY LOWER TARGET
DOWN WAVE(0-1) WLT1 : ---4,134