Monday, June 9, 2008

Nifty Future for June 9-13 - Rakesh Chandra

Seeing the huge down in the Dow Jones, there is no need to add an commentary. It is clear which way we are heading. Weekly upper target = 4723. The weekly pivot point is 4,636.78). Price is bearish below 4893.22.

DOWN WAVE(0-1) WLT1: 4,497;
DOWN WAVE(2-3) WLT2: 4410/4,356;
DOWN WAVE(4-5) WLT3: 4,269.

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