UPDATE - NEW ROAD MAP FOR COMMING DAYS : NIFTY SPOT EOD CHART - BUY TRIGGER ON FRIDAY ON CROSSOVER @ 5425 - FALLING WEDGE PATTERN : BULLISH REVERSAL - TARGET NIFTY SPOT BTW 5830-5860 : NEAR 23TH JUNE 2011 +/- 2 DAYS

NIFTY SPOT EOD CHART - DT 27/05/2011

BUY TRIGGER ON FRIDAY ON CROSSOVER @ 5425  AS POSTED ON THURSDAY I.E 26/05/2011
BUYING STOPLOSS 5310 ON CLOSING BASIS ON NIFTY SPOT FOR TGT 5530 / 5640 / 5750 / 5860
FOR CONFIRMATION NIFTY SPOT NEED TO CLOSE ABOVE 5425 ON MONDAY ALSO I.E 30/05/11
ELSE ONE NEED TO EXIT LONG AND RE-ENTER SHORT WITH STOPLOSS 5500 ON CLOSING BASIS ON NIFTY SPOT FOR TGT 5310 / 5245 / 5095 / 4985

FALLING WEDGE PATTERN - BULLISH REVERSAL - AS SHOWN IN CHART

FOR CONFIRMATION NEED TO CLOSE ABOVE 5460 ON NIFTY SPOT ON MONDAY I.E 30/05/2011

THE FALLING WEDGE PATTERN WILL TARGET NIFTY SPOT BTW 5830-5860 : NEAR 23TH JUNE 2011 +/- 2 DAYS BUT WILL FACE MINOR RESISTANCE IN BTW AT 55** & 56**

ONE MORE RISE OR SAY INCREASE IN PRICE ALONG WITH VOLUME WILL BE THE CONFIRMATION THAT BULLS HAVE TAKEN

OVER THE CONTROL AS PER SVP CHARTS - HOPE YOU REMB THE SAME "SVP"

HOPE ENJOYED THE GREAT JOURNEY OF NIFTY SPOT FROM 5800 TILL 5328 +++470 POINTS
AND THE EARILER MOVE'S AND THE JOURNEY IS JUST THE PAST & HISTORY ..

WE DO KEEP A TRACK

OM SHRI GANESHAYA NAMAH