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Thursday, March 31, 2011

NIFTY STRATEGY - MAR 31ST

NIFTY
-7th Consecutive close ………….!!
If Today too closes above Y.High …so can we see rally to continue for next 5 sessions ??
Today or Tomorrow …Will see unexpected levels.
(Yes ,From last 15 days writing about these days )
Three Consecutive close above 5758 ,Our Target intact of  5952-6017 level !
Above Upper band of Bollinger its trading for 4 sessions.Extreme dangerous for Traders !!
Yesterday mentioned above 5789 will take to 5804-5820 level (It went upto 5818 & closed at 5799 )
Yes ,it should trade above 5820 for 5/10 minutes with volumes
If this happens then expect rally upto 5856-5878
Today is the 34th Day from low of 5175
-So another Turning point ???
Support @ 5749 ,7DEMA :5662.
101% ………Either Today or Tomorow first half………….rally will get exhausted.But u all enjoyed blast from 5400 in NF or in Bank NF from 11000 or not ??
Yes ,Reversal Point -Turning Points will be there.
TGD indicates :Today or Tomorrow rally will get over.
Today is 8th session from low of 5357 (closing up everyday )
Today is 34th Day from low of 5175 (exhaust time or may continue upto 55th session ?? )