Coming week is Crucial week For Nifty
Daily Chart
In Daily Chart Nifty Close below 200SMA now after may19th2010 but support act @ 5500 levels once close below this support levels it will fall further up to 5400 levels & Rsi @ 30levels in daily chart in every 30 levels nifty will bounce 100 to 200 points becoz Rsi 30 is strong support as per daily chart
In My view on nifty
Short covering will except on tuseday r wednesday (Be ready for tht)
Weekly Chart
As per weekly chart 5500 act as strong support for Nifty once close below this support only another 500points down otherwise it will take u turn from these level
For monday Nifty open gap down only
Trading Tips For Nifty Feb fut
For long term players
Buy Niftyfut @5350 to 5375 levels Stoploss @ 5225 Tgt@5550 & 5650
For Short term players
IF monday open gap down means buy nifty fut on tuesday @3pm hold for wednesday
Any Queries Catch me @ JMSQUARENIFTY@yahoo.com
