Friday, January 9, 2009

nifty weekly chart a review 9 jan


* Argument
some time back we have projected nifty advance chart(right side)
current chart following previous one adjectly

as wave has unfolded let us do more mirco chart pattern analysis(left side)

mazor wave directin is downward

still we cant say on weekly 4twave completed.on broder chart pattern it may form traingular chart pattern..curent d wave downward then e wave upward then completion of 4th wave(5 wave series)

* Strategy

NIFTY_F1 *RC Wave* stoplls :3,083
Short bellow :3,043.27lower target WLT1>2,979>>2,875>>>2,811