3/16/2010 08:28:00 PM


As Said Yesterday That If Insider Wedge Is Broken On Either Side Shall Decide The Range And Today Would Be The Trend Decider And Nifty Breached The Range On Upside With Volumes And Given And Breakout And Closed At 9198 Which Now Gives Further Target Of 5300 So Buy On Dip Till Nifty Is Above 5000 And Closes Below 5090 For The Tgt Of 5250-5280-5300 Book Full Profit And Wait For Further Breakout Also Nifty Is Trading In Overbought Zone But There Is Still No Divergence But Be Cautious And Book Profit At The Given Levels And Use Trailing Stoploss. Still Dii Are Selling And Fii Are Buying Even Today

Likely Trading Range 5152 – 5244
Imp Supp  5175
Imp Rest    5225