For 18-04-2011.

Now its a do now or never like situation for Bulls and Bears.
Just watch 5859 level.

If Nifty Future can cross this level and can sustain above this, then
Bulls will do their level best to keep Nifty future above 5872-5882.
And if NF can cross and sustain above 5882,then can go towards 5950.

And If Nifty Future not able to cross 5859, and trade below 5856-5846-5826,
Then Bears group will drive the show.
NF should trade below 5820, for next bearish jump.
Nearest minor supports are at 5814-5808-5805-5799-5792.
And a medium strength support is at 5780, and below this,Bears will have to work
hard at 5760-5754-5750.
Below 5750, next target levels are 5733-5702-5676.

But as of now it looks like it will not be so easy for Bulls.
Because Bears are gaining strength.
One more day need to watch the NF and then only the picture will be clear.
Truly speaking Bears are now more powerful then Bulls.
Now, USD/INR hourly chart is at over-sold zone and preparing for a up move,
And EURO/USD made enough room to go down side.
So Bears will get additional strength from these two currency side.

Lets see...
will post for intraday on Monday if any thing develop new, otherwise the levels will be the same as given above.






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