Sunday, April 10, 2011

11-April-2011

NIFTY SUPPORT -5800 - 5758
RANGE         -5863
RESISTANCE    -5905 - 5968.

NIFTY STILL IN OVERBOUGHT BEWARE.INTRADAY DOWNSIDE BREAKOUT EXPECTED BELOW 5872 KEEP WATCH THIS LEVEL IN NIFTY FUTURE.


Nifty Very important KEY POINT 5738 @ 5715, if its break then it may test 5450 & 5200 levels. Who all are SHORT in NIFTY please keep the SL @ 5861 & 5888. 


You can initiate the fresh SHORT in nifty below 5730 @ 5715 levels. There are Technical Indicators are looking  POSITIVE for ( SHORT ), so please don't HOLD any your LONG position.



Nifty SHORT TGT's -- 5769 ( if you already in short )
                     5608  -- 5509  -- 5447


Crude prices in peak & LIBYA still the problem not resolved until now, so this is one of the reason for the nifty may fall ( behind there are inflation and etc., )





Positional traders please stay away from ABIRLANUVO ( aditya Birla Nauo ). you must book your profits here and exit. 


RISKY traders SHORT ABIRLANUVO @ 886 ( cash ) SL @ 934, 
TGT 870 / 863 / 840 / 825. ( SURE SHORT CALL ), double top @ 914 levels in 6 months chart