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Thursday, May 5, 2011

NIFTY STRATEGY - MAY 5th

Yesterday again written in morning that below 5627 it will try to kiss 5512-5474 level.Now just see it kissed 5510 & taken U-turn !
During Trading hrs…We updated that if NF not breaks 5510 & sustains above 5536 will take to  5615—5641.It kissed 5592 & again crashed !!
(So from 5536—5592 …U had eaten profit or not ? )
We Don’t change levels everyday.
5512———–5474 are SUPPORT levels.
Yes ,Again Last Hope for Bull’s.
Break with volumes below this level +Closes below this level then ??
Nonstop slide upto 5357—5320 not ruled out.
In next 2 sessions ,It will have to take U-turn with massive volumes…Otherwise story for Bulls is over !
-Bollinger chart indicates……..Be cautious now @ lower levels.Already trading below lower band………..!
What are the Hurdles………….?
Will tell to our Subscribers during trading hrs.But Yes ,Yesterday’s High will act as First Hurdle or Major Hurdle.