6-3-2013 HSIF TRADING PLAN

Today's top is 22733 and it can be easily calculated with wave's target projection formula. (see illustration).Its too early to say market bottomed, however, up momentum was not interrupted by the afternoon's corrections. . Today's close stays above the Average Pivot of the last 3 day is 22564 (22645+22476+22573/3) and its also well above all supporting trend lines and channel. The chance of double bottom (22364 & 22368) is still good. Our Target of tomorrow is 22770 and 22895.
We prefer to buy if index fall in between 22480 and 22540.
Happy Trading