ON WEEKLY CHART'S NIFTY SPOT GIVEN TWO WEEKS CLOSE BELOW
THE SUPPORT TREND LINE SINCE 2ND WEEK OF FEB 2011
NOW THIS IS A CONFIRMATION THAT IN COMMING WEEKS
NIFTY WILL TEST / TRY TO COME NEAR SUPPORT ZONE TREND LINE -2 @ 5210
BE CAUTIOUS : LOOK LIKE MANY BAD NEWS ON CARDS TO COME
JUST USE PULL BACKS TO SHORT AND SQUARE-OFF THE LONGS POSITIONS
MOSTLY ALL THE INDICATORS ARE ON SELL AND -VE DIV
WEEKLY TREND LINE -2 @ 5210
LAMAX REKHA & LAST HOPE FOR NIFTY
IF CLOSE BELOW HISTORY WILL BE REPEAT
TWO WEEKLY CLOSE BELOW 5210
WILL TGT 1 - 4880 / 4760 & TGT 2 - 3400 / 3500
WITH SUPPORT IN BTW AROUND 4400-4500
STOPLOSS WILL UPDATE LATER
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