As said 3353 proved important point....openinng high was 3353...reversed there....3305 protected....again when 3353 crossed then you know all....it didn't break 3300 as I was expecting...and for short sl was told 3353....ya intrady there were getting some reversal signal...but bulls proved themselves y'day...For today I think yday's 3% rallly will take a little pause.......if we take 3511 to 3297 as a correction....61.8 % has retraced......in this rally ( since last 6/7 weeks) we have not seen close @ 200 dma ++.......if we close above 3430 then we might cross even 3511 high at least for intra ..though not today may be next week but for that nifty has to cross 3460/3480 area decesively....in one sentence i will suggest if nifty is near 3400 go long with sl 3388....if it is near 3480 go short wilth sl 3511.....
y'day was very bad performance me.....I have connectivity problems also..thats why cannot take minute to minute updation on chart....problem will be over in 1/2 days....good luck
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