NIFTY 13th April 2010

PIVOT LEVELS

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TODAY SELL NIFTY AROUND 5372-5355 FOR A TARGET1-5340, TARGET2- 5315 keep SL-5390

TODAY BUY NIFTY AROUND 5308-5324 FOR A TARGET1-5340 TARGET2- 5362 keep SL-5290

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TREND LEVELS

I will post updated TREND REVERSAL CHART by thursday.

 

Nifty UP move will continue if 5290 holds. 

 

Yesterday's 5400CE O.I increased heavily. Now NIFTY crosses 5400 level, it would be very difficult to stay above 5400 level. 

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NIFTY SYNTHETIC SWING BULL(DAILY) CHART 

For chart click here

If crosses 5378 then non-stop rally till 5406-5440

U-TURN level @ 5406

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NIFTY SYNTHETIC SWING BEAR (DAILY) CHART

If breaks 5336-5333 then non-stop slide till 5323

If breaks 5323 then non-stop slide till 5304-5282

U-TURN level @ 5304

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