Monday, June 30, 2008

NF Weekly June 30-July 4 - Rakesh Chandra

We are in the last phase of selling. On the EOD and hourly basis we are in the 5th Down Wave. The weekly scale is in oversol area. Any decline is a buying opportunity for the coming days.

Upwave (4-5) WUT3 : 4,331;
Upwave (2-3) WUT2 : 4,265;
Upwave (0-1) WUT1: 4,160.

Price is bullish over 4095.18;
Price is bearish below 4055.02.

Down Wave (0-1) WLT1: 3,990;
Down Wave (2-3) WLT2: 3,885;
Down Wave (4-5) WLT3: 3,820.

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