Update at 2:30

Morning trade the stop loss was hit at 4594 and no profit no loss "capital preserved".

4555 an important support now , If we go below 4555 then we will be in iii rd wave of 'C' down .
ii look like a flat so it will get over around 4620 lvls .

20-Dec-2011

Update 12:15 All the short term MAs have converged at 4597 ...so keeping the SL at 4594 now to preserve the capital .

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WHema	4901
	DHema	4768
WLema	4697
	DLema	4659
		HHema	4619
		HLema	4585

Buying at Hlow ema for 1st target hhigh ema then dlema ( For Intraday Only) As Day wise the Trend is down till prices close above DLema .

Date	Position	Size	Entry	Sl	1st Lot exit	2nd Lot Exit	Exit	P/L
20-Dec-11	Buy	50	4590	4580