NIFTY AS ON 25/06/2010

Madhu as I read your comment late today  i am posting the same as per your request
do tell me the feedback pls find your levels below this post  (blog follower ) also try
to react near the stoploss for more profit and less loss always also this levels are only
for intraday so donot get stuck or carry position and always book profits on 1st or 2 nd
tgt.

Nifty is in uptrend till it is above 5125 levels, and this could be correction as said which should be atleast till 5250 – 5210 levels and if nifty correct further below 5170 levels more weakness shall be seen I think that correction may continue till Tuesday 2^nd session and again rally should start also there is concern about inflation which is rising and RBI to increase rates

Buying should be made near the levels of 5170 with sl of 5120 with closing as the levels which shown in previously where there was resistance shown shall become the support for nifty but if nifty closes below 5170 decessively long should not be hold. As this is V shape rally swing shall  not give early confirmation also I had warn you that markets should correct atleast till 5160 levels since a week ago but due to FII pumping and expiry week the correction was due but still watch for levels of 5250 – 5210 – 5170 -5120

Nifty is looking week and could be sold on rise and bought on dips at supports and resistance till the correction is continued. New position should be made near 5171 or above 5400 only.

FII net seller in cash segment while DII net seller (both are net seller today means further downside left)

Also as said that weekly closing should be atleast above 5265 levels for the uptrend to hold and we have just closed at 5269.05  levels atleast nifty could correct till lower channel where buying should imerge to get higher profits which is buying at low and selling at high but stoploss should be maintained

RBI may extend special liquidity step beyond July 2: experts TO READ MORE CLICK HERE

For tomorrow nifty shall remain bullish until it is  above 5297  with upward targets of 5334 – 5357 – 5395  with stoploss of 5283 below which nifty shall become weak with downward targets of 5245 – 5222 – 5185

Positional shorts below 5110  only until then try to buy near stop loss or play intraday levels.