Thursday, June 11, 2009
nifty extended 3rd wave progressing
here nifty eod chart
following extended 3rd upwave
possible target of this wave is 4800 area
look 2-3 days more to momentam coll off
then 4th down consolidaton wave in progress
uper side need cautious and must take protection against long
profit booking on long looks highly attractive
still markt has not given sell signal
trade level of day is as follows
S&P CNX NIFTY* RC Wave* stoplls:4,647 next day_Buy above :4,663.89next day up target>4,692>>4,737>>>4,765
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S&P CNX NIFTY* RC Wave* stoplls :4,664 next day_Short bellow :4,646.61next day lower target >4,619>>4,573>>>4,545