Sunday, December 7, 2008

Nifty Future for Week Dec 8-12 - Rakesh Chandra

On a weekly basis we are on a 4th upwave (consolidation wave).

Stoploss 2,696, buy above 2,736, for target 2,802>> 2,908>>> 2,973.


Stoploss 2,736, short below 2,695. for target 2,630>> 2,524>>> 2,459.

On a monthly basis, price is bullish above the monthly pivot point 2,820. Price is bearish below monthly pivot point 2706.

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