NIFTY 17th March 2010

As mentioned from last week, my levels are

NIFTY could target minimum 5280 on march expiry
and
 NIFTY TARGET 5480 on 12th April 2010 (reversal day)

 

PIVOT LEVELS

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TODAY SELL NIFTY AROUND 5245-5221 FOR A TARGET1-5200, TARGET2- 5165 keep SL-5255

TODAY BUY NIFTY AROUND 5150-5175 FOR A TARGET1-5200 TARGET2- 5229 keep SL-5130

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

BULL LEVELS

If crosses 5202-5209 non stop rally up to 5233-5243-5257

If crosses 5257 non stop rally up to 5284-5289

U-TURN level(daily) @ 5342   & 

 

  

  

 

U-TURN level(monthly) @ 5431-5441

NIFTY SYNTHETIC SWING (DAILY)

 

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

BEAR LEVELS 

(if yesterday's high not taken out)

If NIFTY breaks 5192 then non-stop slide till 5185-5178

If NIFTY breaks 5178 then non-stop slide till 5169

U-TURN level(daily) @ 5169-5158   & 

 

  

  

 

U-TURN level(weekly) @ 4703

NIFTY SYNTHETIC SWING (DAILY)

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------