Bull Fear Zone 10945 :::: Bear Fear Zone 10465
Dow jones may move up till 10952
only above 10952 will be fully positive
It means buy above 10945 and sell below 10465
the range in btw is just for trading and jobbing both side ..
bulls will have full control above 10945 and will fear the bears
bears will have full control below 10465 and will fear the bulls
same goes for with nifty also
if it's manage to close above 5214 we need to exit short's...
as today it just took resistance near - day high 5112.7 and bounce back
hope everyone added fresh short's near 5195 as guided yesterday
so now the avg short is at ((5120+5195)/2) avg 5157
and hope everyone booked nifty 5200 call we bought to hedge nifty on monday
For the Session
Nifty Main Point – 5187 (Futures)
Nifty can touch - (Futures)
Bulls Magic above - 5198 - 5208 - 5224 - 5239 - 5250 - 5261
Or
Bears Magic below - 5171 - 5156 - 5145 - 5134 - 5119 -5103
MOST IMP LEVELS - 5099 Longs
NIFTY STRONG ABOVE 5212
WEEK BELOW 5148
SUP 5163 5148 5133 5112 5085
RES 5189 5201 5212 5222 5237
•The days in May when Nifty will be highly volatile- 17,18,20,31.
(Keep in mind that the yearly weightage "5201" is not supporting the Nifty)
(Keep in mind that the yearly weightage "5201" is not supporting the Nifty)
•Investors can slowly buy till May 19, 2010.
•From opening to 10:10, Nifty is likely to make a V-shaped graph. So position yourself accordingly.
•10:05 to 10:35- Nifty can undergo some correction.
•10:35 to 13:35- Nifty is likely to move up step-by-step but beware of a steep dip sometime during the period.
•13:35 to the end of trading day- Nifty will move downwards.
•From opening to 10:10, Nifty is likely to make a V-shaped graph. So position yourself accordingly.
•10:05 to 10:35- Nifty can undergo some correction.
•10:35 to 13:35- Nifty is likely to move up step-by-step but beware of a steep dip sometime during the period.
•13:35 to the end of trading day- Nifty will move downwards.
