NIFTY ROADMAP FOR MONTH OF APRIL - MAY 2011 :: NIFTY SPOT SVP CHART :: LONG TERM VIEW ON NIFTY ::

AS PER SWING VOLUME PATTERN HOPE YOU ALL REMB SVP CHARTS

MARKET IS FALLING DAILY WITH LESSER VOLUME ON DAY ON DAY BASIS

LAST WEEK ALSO VOLUME IN MARKET WERE TOO LOW.
DAILY THERE IS CLEAR FALL IN OI ON NIFTY FUT ... CLEAR CUT PICTURE OF SOME  PROFIT BOOKING AND UNWINDING OF LONG POSITION OF THE RALLY WE HAD FROM 5350 TO 5900


SVP : FALL IN PRICE WITH FALL IN VOLUME A SIGN OF REVERSAL IF 5740 LEVELS HOLD ON CLOSING BASIS


WE HAD A GOOD / FANTASTIC RALLY FROM FROM 5400 AND

AS EXPECTED NIFTY TOOK RESISTANCE AND HIT LEVELS BTW 5910-5950
NOW WHAT WE ARE EXPECTING AND SEE ON CHARTS + DATA

PREV NIFTY FAILS TO GIVE CLOSING ABOVE 5940 AND MANAGED TO CLOSE BELOW LEVEL OF 5875


NOW LEVELS TO WATCH OUT ON NIFTY SPOT ON CLOSING BASIS IS 5740

IF NIFTY FAILS TO HOLD THE SAME THEN MARKET WOULD BECOME BEARISH

WITH MINOR SUPPORT AT 5680 AND WILL TGT TO LEVELS OF 5560 / 5480 / 5370


ON THE OTHER HAND IF NIFTY SPOT MANAGE TO REMAIN ABOVE 5740 ON CLOSING BASIS THEN WE WOULD SEE REVERSAL IN MARKET TILL LEVELS OF 5875-5940
AND ON REVERSAL IF NIFTY SPOT MANAGE TO GIVE WEEKLY CLOSING ABOVE 5940

THEN WE WOULD BE HEADING FOR LEVELS 6170 / 6280


AS PER MONTHLY CHARTS - LONG TERM VIEW ON NIFTY

IF NIFTY SPOT MANAGE TO GIVE MONTHLY CLOSE ABOVE 5940
TGT 1 - 6703 / TGT 2 - 6940 / TGT 3 - 7110
STOPLOSS WILL BE CLOSE BELOW 5600 ON MONTHLY CLOSING

WITH MINOR HURDLE 6280


OM SHRI GANESHAYA NAMAH