Thursday, June 18, 2009

Nifty Update for June 19 - Inder Bhatia

The Indian market opened on a weak note tracking global cues and ended in the red zone. After the negative inflation Nifty fell in the red terrain and saw a selloff around the sector. If we open gap-down around 4189 zone or if today's low is not broken then we could see pullback around 4370-4453. On the lower side 4220-4189 zone would act as a support zone.

nifty consolidaton wave on 5mint chart



yes ..market sold off .
bear enjoyed...
has been mentioned in weekly reprot..
below 4550 decline will be sharp.
.230 pont we gained in our weekly postiional short
cheers
here nifty chart on 5mint
all wave lebeling has clearly mentiond
now 4th cosnsioladaion wave on card..
some point upside up to 4400 lebel then5htdown wave will on card.
trade level of day
^NSEI* RC Wave* stoplls:4,343 next day_Buy above :4,369.46
next day up target>4,413>>4,482
NSEI* RC Wave* stoplls :4,369 next day_Short bellow :4,342.84next day lower target >4,300>

KM

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