Wednesday, June 2, 2010

NIFTY AS ON 02/06/2010

















Nifty made the low of 4961 which was not breahed today and nifty made close above 5000 levels again making insider candle it seems that there is strong war between bulls and bears to hold 200 ema and there is selling pressure near 5100 levels because most active call was 5100 and put was 4900 so it shall act as resistance and supports and buying near 4950 holding 4900 levels hold the uptrend for higher target but till 5100 holds on closing buy every dip and sell near 5100 and if close is above 5100 remain long only now for tomorrow nifty shall open above 5006 and target to 5045 – 5070 – 5110 with stoploss of 4990 below which nifty could become week again with the targets of 4951 – 4927 – 4887  (  as said  in month  of May that we might have rally in the month of June so buy on dip and make average daily my date for the rally to start is from in between 7th june to 17th june  this are my view based on my calculation and by 17th of june nifty should remain above 4950 during this period final bottom for short term can be formed  ) nifty swing shall change if close below 4960 WHICH IS MARKED BY PINK LINE for two days till then swing is up WHILE YELLOW LINE IS RESISTANCE LINE MARKED
 

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