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Wednesday, May 23, 2012

NIFTY FUTURE - - Support at 4811-4800.Hurdle at 4864-4884-4891.Our Ultimate Tgt on Downside 4470-4300 level…U need Patience - - 23 May 2012

Buy Nifty Future above 4874 - 4905 - 4970 - 5015 SL - 4858

Sell Nifty Future below 4834 - 4805 - 4765 - 4700 SL - 4873

Nifty coming days

NIFTY - CHANGES HAVE BEEN MARKED IN YELLOW
TimeTargetTrendReversalTrend Implication
SHORT TERM
4970-5030
UP
4837
1-5 Days

Nifty completed waves a and b and c up should be pending. 
Todays low is wave b at 61.8% retracement of wave a and c up to 5030 might be pending as long
as we are above the recent low.
As long 4837 not broken on closing basis still chances of going up

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