ON 19th APRIL 2011 - NIFTY FUTURE

TODAYS THOUGHTS :

TODAY'S LEVELS ARE :

RESISTENCES ARE AT : 5805 - 5845 

SUPPORTS ARE AT : 5705 - 5675

ANY WAY 5765 IS A CRUCIAL POINT AND TURNING POINT TODAY. IF IT IS BREACHED DOWNSIDE THEN IT MAY GO DOWN OR ABOVE THIS MARKETS MAY GO UPSIDE.

SO MARKET BREAK IT'S TREND LINE SUPPORT AT 5800 LEVELS,  5727 IS ALSO A VERY GOOD SUPPORT POINT SO IF GLOBEL CUES GIVES SUPPORTS MARKET MAY JUMP AT THIS POINT BUT EUROP IS IN DEEP RED NOW SO NEXT SUPPORTS ARE AT 5680 - 5600  ALL ARE MINOR SO MARKET MAY GO AND FILL THE GAP AT 5550 I THINK.

INTRADAY CALL

BUY NIFTY FUTURE AT  5805 STOP LOSS AT 5765 TARGETS ARE 5845, 5880.

SELL NIFTY FUTURE AT  5705 STOP LOSS AT 5765 TARGETS ARE 5675, 5655, 5635.