Last Close :5568
Yesterday ,We had written :Support @ 5506 level…..It kissed 5503 level and Taken U-turn !
Our Hurdle was at 5577 level….Went to kiss 5601 & crashed.
Now ,SGX Nifty @ 5514 ,Down 39 points.
-Support at 5547 level.Break will take to 5529————5523 level !!
If Breaks 5523 level too ,Watch PANIC upto 5505-5499 level.
Thirsty Traders ,Just watch these Two levels :
5610 & 5500 level.
5610+142 = 5752 level……………………Not ruled out.
5500-142 =5358 level ……………in PANIC ??
Our BOX Chart Indicates :5626 & 5643 are Hurdles………….Crossover and close will create unexpected Firework.
Three Possibilities :
1)Below 5695 level ,Our Target intact :5440——————–5355 level very soon !!
2)Already Broken Head & Shoulder Neckline @ 5690-5700 level.
-Height of Head : 400 points
-5700 -400 :5300 level.
3)Qtly
Chart indicates ,Below 5800 level it will favour Bears only.Target
:5480-5425 & there after Nonstop slide upto 5284-5231 is possible.
Qtly Chart levels valid till June ’2013
Now ,Just u have to remember these three points only.Nothing else.
Forget 200 DMA ,Forget Economy ,Forget Fundamentals ,Forget policies -Just watch FIIs activities +USD Movement !!
-Again Result season to start ,Again Insider Trading +Result leak …..Golmaal to start soon.
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