Friday, April 24, 2009

VIEWS FOR 24-04-2009

This is how amazing technical analysis is and this is how it works perfectly in order to mass psychology of the market. Again I stated that 3306 will be pivotal for the nifty and it reversed from the edge of that after making low 3313, and reversed big. Again i stated that above 3372 there will be more bullishness for 3425 and nifty did exactly that, even broke past 3425 hurdle. Now for the coming sessions bulls are again seem to take the upper hand and 3469/3482 is the next destination, and above that it can again blast all the way up to 3510/3534/3569/3605. Yes it can be that big. On the lower side 3410 holds the key for the day. below that 3381/3342 is possible for the day. 3342 will be crucial for the bulls to maintain the momentum. So to sum up the levels:

Resistance:3469-3482/3510/3534 (will be crucial)/3569/3605.
All future levels.
Strategy for the day: Buy near given supports.
Have a great day!


Post a Comment