For 23 April 2009

I said..'as said channel broken on closing basis y'day...and new
channeldeveloping and its t-line support 3275....if that breaks
then it will beeasy to achieve my tgts...and for new upmove or
sustainable rally niftyhas to cross 3415.. today support @ 3353
/3305/3275....resistance@ 3375/3415/3440.... today opening
will be flat....if @ opening niftyis 3353++ go long with 3353 sl..
tgt might be 3385/3415....if gap upand near 3400 go short with
3420 as sl...for tgt 3353.. but if you arepositional while creating
fresh short keep in mind that if todays closeis 3370++ then we
will rally again towards 3440++...so trade wisely...and if gap down
and below 3353 wait for clear signal....'

Again it was a good day....well as expected.....ee opened 3353++...
got 3401as I said 3415..turned...below 3370 paused little near 3353...
then straight to 3305....low was 3296 and high was 3401...now as I
was saying close is below 3370....we are towards 3150.....

Today....resistance @ 3353/3370/3402....support @ 3305
/3285/3250..today I expect gap down..at opening 3300 will
break.....then mild recovery but day will be with negative bias...
if opened positive go short with sl 3353..think to book shorts initially
@ 3275/3285 area....again if rise go short with sl 3353 as closing basis....
if closing is below 3305 carry shorts...

Y'day on my "QUOTE...nQUOTE"box....reliance given 52 points....nifty given75..chambal given .90 points....sbi loss 9 points..over all again good day....good luck