ON MONDAY 30th MAY 2011 - NIFTY FUTURE LEVELS

TODAYS THOUGHTS :

TODAY'S LEVELS ARE :

RESISTENCES ARE AT : 5470 - 5480 

SUPPORTS ARE AT : 5490 - 5505

ANY WAY 5445 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.

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? 


SO MARKET TOUCHED 5375 SO MARKET MAY GO UPWARD DIRECTION I THINK. THIS WEEK IT MAY CONSOLIDATE BEFORE IT GO UPWARDS.

INTRADAY CALL

BUY NIFTY FUTURE AT  5470 STOP LOSS AT 5440 TARGETS ARE 5490, 5505.

SELL NIFTY FUTURE AT  5425 STOP LOSS AT 5445 TARGETS ARE 5390, 5365.

TODAY MARKET MAY BE CHOPPY I THINK.