5/04/2010

NIFTY 5th May 2010

PIVOT LEVELS
Weekly major PIVOT support broken today @ 5200 level


Monthly major PIVOT support @ 5147 level, so watch carefully, if a weekly close below 5147 level BEARS will have UPPER HAND (Note: Go SHORT below 5147 level with SL-5170)
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TREND LEVELS


Existing channel support @ 5103-5098 level


Mid-term channel support @ 5020-5010 level


Major expected fall will happen only below 5010 level (Weekly & Monthly close below this level need to confirm the major correction)




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Posted by Kumaraguru at 17:29

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