What a day it was!..... as saying again and again 3526 is protected.....and as said after crossing 3585 you have seent the results......again proved correct!For today I don't expect fireworks after gaining 3% in a single day......i think same story to repeat....as I wrote on 8 may it is applicable today also......looking rsi I expect some sideways movements for next 2/3 sessions...and then final decision....as I am of the view that we will not cross 3755 in current series I expect nifty to settle down in a range of 3525 to 3635.....provided that 3526 is protected on weekly basis....
For today again go short near 3680 with sl 3720 on closing basis..of course this for positional....for intra also go short @ opening if nifty is near 3680 with sl 3695....for tgt of 3638/3607.....and if nifty is @ 3624 go long with sl 3607..for tgt of 3675.....play in this range accordingly with appropriate sl....
For today resistance @ 3676/3695/3720....support @ 3638/3624/3607.......
y'day those who were on my blog got alert that correction seems over and think of your short positions when nifty was 3585......rest is hostory you all know.....!
good luck!
Those who reviewing regularly I am expecting comments/suggession ....
thanks.
