Wednesday, May 4, 2011

For 05-05-2011.

Nifty already started its down side journey, the last "C" leg of Main A-B-C.
Now what next ----
If trade below 5530, then probably go towards 5510 and below this , first support is
at 5501 and next support is at 5483/80.

Above 5560, NF can go towards 200 Dema, which is at 5638.
Probably next 1-2 days, NF can trade in upward direction.

SL for long trade above 5560 is 5526.

Lets see....







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

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