Google+ VIEWS FOR 28-04-2009 ~ NIFTY DEMYSTIFIED

Tuesday, April 28, 2009

VIEWS FOR 28-04-2009


3514 has done it again. While expecting 3540 for the day to initiate short, my first given level proved to be a tough task for the bulls and it sold off quite quick. Now for the day 3422 will be crucial and below which it will weak and will come towards 3388 and further 3349-3330 can be probable targets. The trading idea suggested on the 27th view will be intact (to book longs and take some PUTS around 3540-3570-3600). Intraday volatility will be on higher side due to the curtailed expiry. On the upside a cross above 3500 would bring some strength among bulls.So don't have much to discuss about,

Support: 3422-3388-3349
resistance: 3478-3500

All future levels.
Have a great day!

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