Wednesday, April 22, 2009

Market Opening & Nifty Support - Resistance

Alert: Last Hope for Bulls 3305.....
Any up move in NIFTY now only above 3514...
Last 5 days NIFTY highs are between 3415 to 3511
NIFTY lows are between 3309 - 3359
So the circle is formed between these ranges
Until unless NIFTY break-down or break-up any of these levels
Markets will trade volatile in narrow band
Keep SL in NIFTY for longs @ 3305
Same for NIFTY Future is @ 3295
Or better keep one SL for both @ 3290
"VOLATILITY WILL RULE THE MARKET"
NF Crossing above 3376
will move up to hit..
3394 - 3424 - 3442
Crossing over 3445?
It will fly like jet towards
3464 - 3489 - 3513
On the Lower Side
NIFTY Future breaking below 3355
Can fall up to
3346 - 3337 - 3319 - 3308. Below 3290?
Please EXIT your long positions
It will be in free fall mode towards
3264 - 3223 - 3158 - 3147

No comments:

Post a Comment