NIFTY 22nd April 2010

TREND LEVELS

TREND-DAILY CHART

 

If NIFTY crosses 5265 level with volume then NIFTY will target 5430 (within next week)

TREND-WEEKLY CHART

 

Holding 5160 level, NIFTY will target 5490 next week

Breaks 5160 level will take up to 5020-4980 level within next week

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PIVOT LEVELS

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TODAY SELL NIFTY AROUND 5264-5254 FOR A TARGET1-5244 TARGET2- 5230 keep SL-5285

TODAY BUY NIFTY AROUND 5225-5235 FOR A TARGET1-5244 TARGET2- 5260 keep SL-5190

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NIFTY SYNTHETIC SWING BULL LEVELS

Two consecutive close above 5311 level will take to new high

 

If crosses 5249 then non-stop rally till 5277-5311 

U-TURN level @ 5277  CLICK HERE FOR CHART

 

WEEKLY TREND BREAK-OUT LEVELS 5379 / 5221 (A weekly close above/below these level will be one side move) CLICK HERE FOR CHART

 

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NIFTY SYNTHETIC SWING BEAR (DAILY) CHART(If yesterday's high not taken out)

 

 

If breaks 5200 then non-stop slide till 5174-5167 & further up to 5147

If breaks 5147 then non-stop slide till 5108-5063

 

U-TURN level @ 5108

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