Monday, May 23, 2011


NIFTY FUTURE IS TRADING @ 5424, NEAR ITS SUPPORT LEVEL OF 5415 & 5400,
IF IT BREAKS THIS LEVEL THEN WE MAY SEE NIFTY HEADING TOWARDS 5375-5350.

RESISTANCE STANDS @5448, IT IS VERY IMPORTANT FOR NIFTY TO TRADE ABOVE THIS LEVEL FOR LONG UP MOVE.


SENTIMENTS:

NIFTY HAS AFFECTED MANY TRADERS SENTIMENT, SLOWLY & SMOOTHLY,

DAILY IT GIVES 30 TO 50 POINTS OF CORRECTION, TRADERS BUY @ EVERY DIP TO AVERAGE THEIR POSITION WHICH THEY ARE HOLDING LONG FROM 5500-5550 LEVEL,

BUT THE CURRENT MARKET SCENARIO IS VERY RISKY TO TRADE WITHOUT
"STOP LOSS" ALWAYS MAINTAIN STOP LOSS.

MOST IMPORTANT LEVEL FOR LONG UP MOVE IS 5448-5475.


CONTACT - 09967616357.