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Most users ever online was 79 on Fri May 22, 2009 12:15 pm


    Red alert ! Markets Violating important levels

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    mr.traderji

    Posts : 954
    Points : 1698
    Join date : 2009-01-12

    Red alert ! Markets Violating important levels

    Post  mr.traderji on Thu May 06, 2010 9:49 am

    >>> Nifty currently trading at 5100 levels , For long term as long we remaining above 5050 no problem for the Bulls target as everyone says 6500 or 7000 remains

    >>> Now for the time being Market is getting bad news around the globe & getting capped at the upper-end 5350

    >>> Now only above 5350 Closing Basis , positional bulls will have the Real power , else ? we can fall anywhere if series of bad news comes in next 1 week time.

    In the lower end Nifty ,when we hit the Upper Circuit needs to fill the gap formed 22/5/2009 at 4000-3750 levels & today's date is 6/5/2010 so what can happen in the next 10 days we need to watch closely & good money can be made by shorts for sure


    Very important Supports for the market are 5050 / 4670


    Keep an eye on the following Nifty put options

    ***4600 May put cmp 11
    ***4300 May put cmp 2.3
    ***3500 June put cmp 3
    ***4000 June put cmp 7.5


    These can turn out to be a life time JACK POT if Nifty breaks 4670 ,target 3750


    4670 is a long way to go is it ? if it needs to be there it will come in few days before we realize it.

    Good luck & trade safe












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