3/14/2010 08:12:00 PM


Nifty Is Forming Expanding Wedge And Inside It A Narrow Wedge  Also Nifty Is At The Resistance Of 5180 And Has Strong Support At 5100 So If Nifty Trades Below 5090 Level And Closes Below That Shall Give Bearish Signal And Can Fall Further For The Tgt Of 5020 – 5000 -4980 And If Breaks The Resistance Of 5180 It Can Target To 5250 – 5300 Levels So If Closes Above 5170 Or Trades Above On Can Carry Fresh Long With Sl Of 5090 While The Daily And Weekly Trend Is Up So Shorting Can Only Be Done On Close Below 5090 Above This Buy On Dip With Sl Of 5090 Also Nifty Is Trading In Overbought Zone  And Tomorrow Being Inflation So Pls Trade With Sl