Yesterday’s volume was Lowest of Last 15 Days.
-5457 is our LAXMAN REKHA !!
-Thirsty Traders ,Just watch 5457 level….Decisive Crossover with volumes and stays above this level for 15 minutes then ??
-Watch Unexpected BLAST.
Intraday Traders can see Rally upto 5477—5483-5502 level.
RISING CHANNEL can take to 5530 level.
-Support at 5432……Break with volumes watch Crucial Support at
7DEMA @ 5423.
-Just see from 6th Jan ’2012 …How many times it had taken support at 7DEMA
…It kissed and flared up.
-If something UNEXPECTED happens and trades below 5399 then ??????
Slide upto 5366-5344 not ruled out….But chances are very remote (Looks so )
-Overall Looking Hot only ,Upper Target intact of 5600-5650 & then 5900+
-Yes ,Sharp PANIC can take to 5150-5200 level !!
(This will happen very soooooooooon )
Against the Trend we can see slide for 1-3-5 days.
Buy Nifty 5400CE above 83 for targets of 94, 105 SL - 79
Buy Nifty 5400PE above 53 for targets of 67, 87 SL - 49