Monday, June 23, 2008

Nifty Future for June 23-27 - Rakesh Chandra

On a weekly scale, we are getting in to oversold territory, so the market is going to be attractive for longs in the coming days. Wait for the market to cross the bullish level, and then enter. Till then, stay away. The lower and upper targets mentioned below are valid for the current week only.

Upwave (4-5) WUT3: 4,663;
Upwave (2-3) WUT2: 4,583;
Upwave (0-1) WUT1: 4,453.

Price is bullish above 4,372.76, which is a weekly pivot point.
Price is bearish below 4,323.24), which is a weekly pivot point.

Downwave (0-1) WLT1: 4,243;
Downwave (2-3) WLT2: 4,113;
Downwave (4-5) WLT3: 4,033.

0 Comments:

KM

RECENT COMMENTS

Blog Archive