For 14 May 2009

Again the day was memorable......I said lowest level support 3607..it turned @ 3610.....at opening resisted @ 3697...in midsession resisted @ 3709 ( my level 3720).....so for traders who do level by level it was a nice day....... dont know any other has benefited but NEETU has commented regarding this.....
For today on upper side same levels to watch..but today is interesting day .....if 3614 breaks then we will see deep down..if closed below 3614 then it is confirm that we are heading towards 3525 again.....at that point we will review the situation ( this is my weekly point to get clearer picture and tommorrow is friday)
Today i think gap down....will test 3550...go long there with sl 3530 ....if not tested 3550 in first half an hour and it is above 3581 then also go long with sl 3550.....if below 3581 and not tested 3550 do nothing... see the trend and do with appropriate sl afterwards.....but for aggressive if 3570 go short with sl 3581 for tgt of 3530.....remember 3506 is final sl for long in closing basis......and close above 3614 is sl for short( means dont take short as positional)
I think today gap down will not give much opportunity for trading in first session....
For today support is @ 3628/3614/3581/3559/3550/3506 and resistance @ 3687/3720......