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SHASHANG's ENTRY & EXIT - NIFTY (MAY 29th) |
shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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Post: #1  Posted: Thu May 29, 2008 12:22 am Post subject: SHASHANG's ENTRY & EXIT - NIFTY (MAY 29th) |
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4917-12 / 4879-76- Nifty Immediate support spot basis
If i am not wrong Nifty spot can try higher target around 4960+ on the upper side tomorrow (thu - 29th May) before afternoon, There is good resitance @ 4962/4970/4991. from where you can book longs then watch & reverse to short for another fall to a lower target 4798 around min. Posibble target lower could be 4769 - 4758 spot basis before Tuesday.
Mkt may not cross 4991 according to me. If mkt crosses above 5002 it's bad for shorts & if it makes a strong break or close above 5020 spot basis, then it could be a possible bullish reversal.
You can play your stocks according to my Nifty view.
Note: These views can change on any news or on the Asian mkt sentiments. So kindly keep track of other factors or check with me if you enter on my calls, so that i can help & guide you with whatever knowledge i have.
regards,
Gautham Shashangan
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