ON 7th MAY 2011 - NIFTY FUTURE

TODAYS THOUGHTS :

TODAY'S LEVELS ARE :

RESISTENCES ARE AT : 5475 - 5500 

SUPPORTS ARE AT : 5435 - 5420

ANY WAY 5460 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.

UPSIDE 5945 IS VERY STORNG RESISTENCE. SO AFTER BREACHING THAT ONLY BUYING IS ADVICEABLE. 

I THINK MARKET MAY GO UPWARDS IT IS IN 2nd WAVE ( ONLY ONE PROBLEM IS NIFTY FUTURES ALREADY MARKED 5375 SO IT MAY BE TOCUHED AND THEN GO UPWARDS IS A POSSIBLITY.) SO AUTOMATICALLY FOR 3rd WAVE IT MAY UP BUT WHEN? IS THE QUESTION NOW?

INTRADAY CALL

BUY NIFTY FUTURE AT  5475 STOP LOSS AT 5460 TARGETS ARE 5500, 5525.

SELL NIFTY FUTURE AT  5435 STOP LOSS AT 5460 TARGETS ARE 5420, 5405, 5375.

SO I TOLD YESTERDAY MARKET MAY TOUCH 5375 LEVELS SO TODAY WE EXPECT THAT LEVELS AT OPENING or FIRST HALF THEN MARKET MAY CONSOLIDATED ON THAT LEVEL. SO ON MONDAY ONWARDS WE EXPECT UPMOVE.