Last Close :5500
Yesterday ,Boldly written it will face Hurdle at 7DEMA and it was at 5631 level.It kissed 5622 & Crashed vertically !!
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.
GAP @ 5455 ………………….It will fill this gap very soon !!
Today’s Hurdle @ 5526—————-5534 level.
Now Crossover and stays above 5534 with volumes for 15-20 minutes or more will take to 5558—–5566 level !!
Traders will see level of 5457————–5402 level in panic very soon.(Below 5623 ,No Buying on Rise Sell Sell )
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