Nifty has closed today with positive bias holding 5300 strongly and also hourly charts have given buy signal with +ve divergence in macd and rsi with stoploss of 5260 which is marked on eod charts with pink line where a close below should reverse the position to sell also nifty is at near resistance of 5366 previous high shown by red line on eod charts if nifty trades and closes above 5366 it shall be very bullish for 5450 tgt.
FII net buyer in cash segment while DII net
For tomorrow nifty shall remain bullish until it is above 5313 with upward targets of 5355 – 5381 – 5424 with stoploss of 5296 below which nifty shall become weak with downward targets of 5254 – 5228 – 5185
Positional shorts on close below 5260 only until then try to buy near stop loss or play intraday levels. Nifty swing shall change if close below 5260 WHICH IS MARKED BY PINK LINE for two days till then swing is Up
MADHU this is for you intraday levels for 29/06/2010
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