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Tuesday, May 17, 2011

NIFTY STRATEGY - MAY 17TH

Yesterday we had written 5545-5535 are support.Break below these levels will take to 5506-5496 & there after will kiss low of Friday i.e 5465.It went down upto 5477 in panic and closed at 5488 level.
-Yesterday also we had written and from last 1 week we are writing ,Avoid long in Heavy Weight stocks…In next 3 days we can see unexpected levels -
 Today ,Just watch :5477-5465 levels.
Break below these levels with volumes will take to 5443—–5432 in minutes only.
-101% will Update more to our Subscribers during trading hrs.One thing is sure…its a Dead Market ,Traders had lost confidence ,No volumes in market.
Yesterday also we had written before crossing 5700 we can see slide upto 5300-5330 level very soon !!