ON 21st MAY 2010 MARKET LEVELS

PRACTICAL LESSON - 5 :

WHEN THERE IS  NEWS DON'T TRADE - AVOID IT. (BUT TECHNICAL LEVELS ARE NOT FAIL - INTERPRETATIONS ARE FAILD. ON WEDNESSDAY OUR MARKETS ARE TRADE WITH GREECE BAILOUT NEWS - i.e. DEPENDING UPON GLOBEL CUES SO OUR MARKETS ARE GO DOWN. 

SO WE ARE SELL IN OUR SELL LEVEL WE GET PROFITS ON THAT DAY.

LEVELS ARE SAME IF IT BREACHES SELL OR BUY BUT INTERPRETATIONS ONLY DEPENDING UPON THE ANALYSISTS EXPERIENCE AND UNDERSTANDING. SO IT MAY BE FAILED SOME TIME.

THIS WEEK FULLY OUR MARKETS  DEPEND ON GLOBEL CUES. TOMORROW ALSO.

BUT  OUR MARKETS CLOESS BELOW 5083 CORRECTION IN OUR MARKET EXPECTED. IN THE LONG TERM CHARTS THE SIGNAL LINE BREACHED, SO IT MAY BE GO UP TO 3700-3400 LEVELS WHAT WE MAY TOLD OUR CLIENTS AT LAST MONTH.

SO IF OUR MARKETS UP IT MAY GO UP TO 5080 LEVELS ONLY IT IS GOOD. OR OTHERWISE YOU MAY NOT GET ANY DELIVERY POSITIONS. 

IF THERE IS  A SHORT COVERINGS ONLY OUR MARKET MAY UP. BUT ON 20th MARKET MAY UP LITTLE. SO WE EXPECT SELLING ONLY. BUT PRICE LEVELS GIVES GREEN SIGNAL. SO AFTER MARKET OPENING ONLY WE MAY GET THE CORRECT IDEAS ABOUT OUR MARKETS.

IF OUR BUY LEVEL CAME YOU BUY OR OTHERWISE SELL LEVEL CAME SELL. THATS ALL. YOU MAY WIN THE PROFIT IN THE MARKETS.

TOMORROW NIFTY FUTURE'S TWO EXTEREME LEVELS ARE :

UPPER SIDE : 5185

DOWN SIDE : 4830

IN BETWEEN THESE WHAT IS OUR BUY/SELL LEVEL WE SAW THAT FIRST :

BUY NIFTY FUTURE ONLY ABOVE 4946 LEVELS THE TARGETS ARE 4964, 4991 AND 5011,  5032.

SELL NIFTY FUTURE ONLY BELOW 4883 THE TARGETS ARE 4865, 4854 AND 4833.

THESE TWO ENTRY LEVELS ARE STRONG SUPPORT AND RESISTENCE LEVELS SO IT IS BREACHED THEN THE MARKETS JUMPED ON THAT SIDE. SO THERE  MAY BE A JUMP OR TREND REVERSAL IN THIS POINTS ALSO.

STOPLOSS FOR BOTH THIS LEVELS ARE 4917 - 4922

SO TRADE WITH TREND - GET PROFIT - ENJOY THE WEEK END.