NIFTY STILL IN A VERY CRITICAL STAGE....
Start Booking Profit in All Delivery if Nifty Breaks 4800.
Todays Revised Trade:
Buy Only Above 4858 with SL 4814
1st Target 4908 2nd Target 4929
Sell around 4822 with SL 4852
1st Target 4802 2nd Target 4772
ULTIMATE Support : 4870-4840-4808
ULTIMATE Resistance : 4892-4922-4949
:: Suggestion-LongTerm Stratagy ::
* IF you are still holding Long Positions, Keep Stop Loss Below 4850, Nifty can crash till 4760 so be alert and Start Booking Profit from 25th May 2010...
* IF you are holding Short Positions, Keep Stop Loss Above 5070, Book Profit around 4870. Again Sell Nifty Below 4820 for Target 4760 so be alert...
:: Be Alert ::
*Market will come down in coming weeks.
* Judgement day for Nifty - 26th & 27th May 2010.
* NEW-or-Fresh Longterm Investers may wait till 2nd week of June.
* Enter Only Above/at 5070 LEVEL for Target 5374 with SL 4948 in June.
"Wishing you Happy Trading"
