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Monday, March 21, 2011

NIFTY STRATEGY - MAR 21ST

NIFTY
-On Friday it was written it will face Hurdle at 5502-5508.Just see it kissed 5502 & started falling.
-Break below 5450 ,our target was of 5400.
-On Friday closed  at 5386.Now ,What to expect from this level ??
Now ,While Updating SGX NF trading at 5405..up 22 points !!
Minor Hurdle at 5423.
Just watch 5436 level
Crossover above 5436 with volumes and stays above this level for 5/10 minutes will take to 5466—5477 level.
& There after ………5509-5520 not ruled out.
Grab above 5436…..Sell @ 5466-5477  !
Support exist at 5375—–5364 level.
Once Breaks 5364 with volumes……….Watch Panic upto 5327-5300 level.
Today …Trend Reversal ?

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