Mid week update

NF not sustain above 5500..and approaching towards our down side target....

Nearest support is at 5398, then 5382.....and 5381..

If break and trade below 5381..then can test 5369..5352...

Nifty future break and close below our Day(main) SAR line...RSV line 3 (three black line last one down side) on 15/06/2011 and trading well below this line..

I am deeply concern about this..

It is really a deep bearish view for short term.........For bullish view...it should close above RSV line 1 (three black line..top one)

If it fail to close above RSV line 1.....then fall will continue..........as of now it looks like bearish trend.....

Today(16-06-2011) Day RSV-line's are at ----

Line 1 --- 5491

Line 2 --- 5479

Line 3 --- 5469

Lets see......

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