NIFTY FUTURE EOD CHART DT 20 JUN 2011 WOFLE WAVE BULLISH PATTERN FORMATION
5180 STOPLOSS ON DAILY CLOSING BASIS AS PER WW BULLISH PATTERN
TGT 1 : 5550 - 5580 AND TGT 2 : 5700 - 5800
AS OF NOW IT'S DIFFCULT TO TAKE OUT THE TIME FRAME FOR TARGET
THE PREFECT PATTERN FORM'S ON NIFTY FUTURE CHART THEN ON SPOT CHART
AS ON SPOT CHART POINT 5 OR SAY YESTERDAY LOW DID NOT KISSED THE EXTENDED LINE 1&3
OUR POSITIONAL VIEWS REMAIN THE SAME BULLS HAVE FULL CONTROL TILL NIFTY SPOT REMAIN ABOVE 5300 ON WEEKLY CLOSING AND WILL TRY FOR LEVELS BTW 5700-5800.
LAST TIME IN MONTH OF FEB 2011 IT HAD BROKERN 5300 LEVEL DURING THE WEEK AND MADE A LOW OF 5177 BUT MANAGE TO GIVE WEEKLY CLOSING ABOVE 5300 AND HAD A G8T UP MOVE RALLY.
IF MANAGE TO CLOSE BELOW 5300 ON WEEKLY CLOSING THEN
WILL FOR TARGET 4775 / 4540 / 4380
STOPLOSS 5610 ON WEEKLY CLOSING
FUTHER CLOSE BELOW 4380 WILL TGT 3900-3700