AND COVER YOUR SHORT AND BE LONG, DON'T PANIC,
SOME GOOD NEWS INFLOW -TIGER
Closing basis nifty is not below 4830 ... intraday may be possible
Next stop for nifty from 4830-4870 will be 5500-5600 (July 2010)
•9:00 to 10:30- This period, like the rest of the day, will be without direction. Formulate your own strategy. Stay away from the market today. But if you can't, forget everything about the market fundamentals, advice of astrologers and experts, or anything related to market because it wont work. You will be purely banking on your individual luck.
•10:30 to 12:00- Nifty may go up.
•12:00 to 15:30- Nifty will go up. But there will be tremendous selling pressure.
•Carry, BTST or PTST should be avoided.
NIFTY LEVEL FOR 20-05-2010
NIFTY (CASH)STRONG ABOVE 4967
WEEK BELOW 4928
SUP 4906 4875 4836 4792 4765
RES 4936 4953 4967 4980 5000
All above levels are for cash nifty
