8/20/2009

NIFTY

AS NIFTY ALREADY BROKEN THE MONTHLY BULLISH CHANNEL@4580 LEVEL & ABOUT TO BREAK WEEKLY BULLISH CHANNEL@4360LEVEL


EXISTING SWING TREND WILL TURN TO BULLISH ONLY WHEN NIFTY TRADE ABOVE 4470-4480 LEVEL.


AS DAILY TREND IS BULLISH, GO LONG WITH A STOPLOSS OF 4360 FOR A TARGET OF 4520 LEVEL

BREAK-OUT LEVELS ARE 4350 & 4530

BUY NIFTY AROUND 4358 FOR A TARGET1-4385, TARGET2: 4420 keep SL-4350 -4320

SELL NIFTY AROUND 4450 FOR A TARGET OF 4400 SL-4470

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