Tuesday, December 16, 2008

Nifty Future for December 16 - Rakesh Chandra

Let us continue the wave counting on the 45-minute chart. The 12345 wave series is over and the ABC corrective move is on the cards. A sell on upmove should be the trading strategy.

With stoploss 2,976, buy above 2,986.02 with up target >3,002>>3,029>>>3,045.

With stoploss
2,986, Short below 2,975 with lower target >2,960>>2,933>>>2,917.

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