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#11
4th June 2008, 05:36 PM
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Trade Setup---Fasten your seat belts................
With closing today, we have to see a bigger picture to assess the situation. Referring to the chart, we see a near descending triangle. Now NIFTY is positioned at the “S” line with all negatives around. Weekly to intraday charts all looks like wearing a “deep diving suit”. The breaking of “S” line could be with a thunder. The theoretical minimum target of this price action is 3770. So, fasten your seat belts….I am not saying that it will happen tomorrow itself, but the possibility cannot be ruled out. All indications at present point to that.
I will post my Stop value as and when my data is through. For chart details, you may see my blog MASTERSTROKES http://www.masterstrokesnifty.blogspot.com/ 
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