For 31March 2009

As said yesterday one may think to go long @/around nifty level 2970.....it is at this level......and as told 3070/3040/3010 levels worked......one might have got it at opening to short for next 40/50 points.....so the day was as it was expected.......

For today......2970 will work as support.....then on lower side 2950 and finally 2920.....but this is major point...if it breaks then we might see 2860, and if

it didn't hold then the whole picture will change......but that is far away. I think....yesterday even US closed in deep red, today we might see green.....at least for 3020/3050....let's see....

For 30 March 2009

Today on upside resistance @ 3125/3150...on lower side support @ 3070/3040/3010......

As the nifty ha already gain so much and almost three weeks positive rally there might be a little pause....some bounce upto 3250 is possible in this current up trend...but for taking benifit of that one should try to go long only near 3010/2970 level.....with sl of 2920...on upside the area between 3125 and 3070 is trading opportunity for intraday.....

Like earlier false breakdown we may witness false break out also.....be catious at higher level without intermidiate corrections...!!

I am not in bearish mood immediately.....but ..putting chart with same bias....keeping eye on its turning..because now its not a time for long..so...!!!!!

sorry...blog is under construction..will be available on 16th of march 2009

2625 crucial area

nifty levels to watch.....2625/2660/2710 on up side and down side....2595/2570/2540/2490