Saturday, April 2, 2011

For 04--04-2011.

After 5 days closing above upper Bollinger band, Nifty future closed below upper Bollinger band on 01-04-2011.
Now what next ----

A strong up side resistance area is at 5880 - 5882.
If NF can cross this then can test another up side strong resistance point which is at 5905.

And if Nifty future not sustain above 5880 - 5882 and break down and trade below this ,
Or not able to cross 5880 - 5882 and trade below 5869 - 5860, then can go down up to 5840 - 5830. And if can trade below, then can test 5778 - 5758.

Expecting few down side on 04-04-2011. Lets see.








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

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