NIFTY 18th March

PIVOT & TREND LEVELS

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TODAY SELL NIFTY AROUND 5277-5255 FOR A TARGET1-5229, TARGET2- 5200 keep SL-5290

TODAY BUY NIFTY AROUND 5186-5209 FOR A TARGET1-5229 TARGET2- 5260 keep SL-5170

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NIFTY maximum can stretch up to 5310-5324 this week.
Next week 5180 is rock-bottom 


 If NIFTY resisted by the rising wedge channel then sharp fall not-ruled out (weekly resistance @ 5280 & daily resistance @ 5324)

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)

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BULL LEVELS

If crosses 5257-5260 non stop rally up to 5284-5289

U-TURN level(daily) @ 5342   & 

 

  

  

 

U-TURN level(monthly) @ 5431-5441

FOR CHART CLICK HERE

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BEAR LEVELS 

(if yesterday's high not taken out)

If NIFTY breaks 5230 then non-stop slide till 5221-5210

U-TURN level(daily) @ 5221-5210

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