For 01-04-2011.

Monthly closing of Nifty future done well above 7 EMA.

Now what next----

(1) If Nifty future can go up and trade above 5869,

Then can face a medium strength Resistance at 5878 level, and if can cross this level then can go up to 5908 and 5913.
If can cross 5913 and stay above this level then can go up to 5938, and above this can go up to 5985 level.


(2) If Nifty future not able to sustain above 5869,

And trade below 5862, then can go down towards 5816.
Below 5816, 5811 and 5802 are two medium strength support.
Break of these two support, NF can easily go down up to 5758 - 5754.
Below this, a strong supporting zone existing in between 5742 - 5725.






All levels are for my own trading targets and support and Resistance levels. Others can use it for educational purpose.