Sunday, October 19, 2008

nifty each lower side looks bootam for bull hopes. weekly 20-24oct

each lower side is bulls hope..following is nifty spot maonthly chart..usualy 61% retracemnt is stong support area on monthy bassis..hope it will to and fro motion upto 3600 in coming days
from trading point of view we will initiate long postion only above weekly bullish level
price target for nifty future
WEEKLY UT2 : --3,497/3,403
WEEKLY UT1 : --3,251
++++(3,098.95) PRICE IS BULLISH ABOVE WEEKLY PIVOT POINT--------
----(3,005.05) PRICE IS BEARISH BELOW WEEKLY PIVOT POINT--------
WEEKLY LT1 : ---2,853