Monday, April 6, 2009

Market Opening & Nifty Support

Gap up expected. Upside Bollinger Band Resistance - 3173
It seems NIFTY will hit the high all the way in the opening moves itself
Just be cautious.. Don't get trapped at higher levels
If we open with a gap up, closing price of 3060 will act as support
Nifty crossing above 3073
is looking so HOTTTT to hit the mark of
3095 - 3117 - 3103 - 3145
Crossing over 3149 it will move fast towards
3167 - 3175 - 3186
On the Lower Side
Breaking yesterday's close price of 3060 itself is a bearish sign
NIFTY Future breaking below 3049
Can fall up to
3038 - 3027 - 2993 - 2963
Below 2960? It will be bloodbath to
2951 - 2937

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