Views on Nifty and Road Map Ahead ::: Monday 17th May 2010

On monday nifty should open gap down btw -0.8% to -1.2%

Sgx nifty closed at 5020 on friday made intraday low of 5001

Another successful trade on nifty avg short 5157 (5120 + 5195) & exit from 5200 call

On friday intraday was getting nearly 100 points on nifty short, but we did not booked

We are Still carrying short's in nifty future  and as advised hope all are going along with us

do you remb tatasteel 590>>>>>545 :::: alert send on wenesday late night

::: SWING VOLUME PATTERN CHART :::
::: ITS ALL ABOUT VOLUME GAME :::
Shortly would be update on SVP chart also 

Level to watch out for Monday 5030 on nifty spot

If sustain below 5030 can add Fresh short's on nifty for intraday only

with Stop loss 5060 on nifty spot

Carry Shorts only if nifty spot manage to close below 4980

we will update the same during market hrs on groups & blog 

Day resistance at 5080 and 5120
Day support at 5030 / 4980 / 4920

Stop loss for short 5120 ... last hope for bulls 4980

Nifty 100 day EMA :: 5104  

Nifty 200 day EMA :: 4888

Weekly Resistance :::: Close Above 5196 target 5297 / 5381 ::: Stop loss 5110

Weekly Support :::: Close Below 5008 target 4925 / 4824 ::: Stop loss 5110

Note: IMP :: Must Read (if we are unable to update live during market hrs)

If in a case nifty try to hit / come near 4980 and does not sustain below the same

on bounce back just exit from short's on nifty future or any other stock future

and wait for higher levels for re-entering...... will keep on updating

as such time does not wait for anyone so have to keep an active eye on the market watch

wish you all best 

Still we keep our target of 4900 on nifty intact

closing basic nifty is not below 4830 ... intraday may be possible

Start buying near / below 4900 level's all four stocks we have recmd level & trg on prev post

OM SHRI GANESHAYA NAMAH