I said'support @ 3370/3340/3307/3270 and resistance @ 3390/3420/3440/3500
...overall I am expecting flat day today....considering last weak's total
journey..it seems bulls are not getting much strength above 3500...and
bears have not enough force to break 3300 level...lasat three days of last
week shown that no one wants to give up..so first three days of this week
are imp...if we break 3300 then I think 3520 is intermediate top...and we
are heading towards 3010...of course this is I am saying in broader way..
for very short term 3250 will touch if we today close below 3360...and
if this weeklyclosing is not negative then we may touch 3440/3500 again....
Today.....if gap up and above 3390....wait to cross 3420 for long.....
if gap down and breaks 3370 go short with sl 3390....and in whole day
nifty didnt cross 3390 and close below 3340 carry short as positional
for tgt 3140 and one may even think for 3030....'
Nifty crossed 3420...as told long there was opportu nity for long but
given only 20 points....and as expected 3440 touched and turned there..
on lower side as 3370 breoken it touched 3339 as I said support @ 3340...
bounced there but close is below 3390..all happened as expected....
again it was as I said....close shows weakness...
Today...I expect gap down ..below 3350 will touch 3305....will try to
protect 3305...if whole day it is protected again I expect 3380/3400....
at opening cover all shorts....go long with sl 3305....cover those
longs @ 50% @ 3350..and remaining @ 3380....go short there with sl 3420 as
positional...suppose 3305 protects and didnt rallied up to 3380 then cover
long and think short tommorrow...in one sentence if 3380 go short as
positional...if nifty is in between 3350-3380 dont take any position overnight..
I expect above (20 April) mentioned tgt in coming 3/4
sessions...today suoppport @3350/3305/3270..resistance...@ 3385/3420...
if today and tommorw close is below 3370..then next journey will be only
in one direction...southwards....!
Y'day on my"QUOTE....nQUOTE" box call...nifty given at least 50 points...
reliance at least 30 points.....total 4 calls all tgt hit..good luck!
