Nifty will be 123-04-2011

NIFTY ON NEGATIVE

Weekly support and resistance:

S 2	S 1	Pivot	R 1	R 2
5747	5794	5869	5916	5991

Fibonacci price projections:

	0%	61.8%	100%	161.8%	261.8%
Up	5348	5509	5608	5769	6029
Down	5608	5447	5348	5187	4927

NIFTY 20 DAY SWING ATR SL 5738

NIFTY UPTREND STARTS @ 5402 .PROFIT BOOKED @ 5925

NIFTY DOWNTREND WILL BE START BELOW 5790 NIFTY SPOT.

NIFTY CLOSE BELOW VERY IMPORTANT LEVEL 5792.PARABOLICE INDICICATOR MOVES TO SELLING SIDE BELOW 5755.ON ANOTHER SIDE NIFTY IS GAP UP ON 25 MARCH 5522 TO 5561 39 PTS. IN MY VIEW NIFTY SPOT SHOLD BE FILL IN THIS GAP , NIFTY MOVE UP TO 5522.

NIFTY VERY IMPORTANT KEY POINT 5738 @ 5715, IF ITS BREAK THEN IT MAY TEST 5450 & 5200 LEVELS. WHO ALL ARE SHORT IN NIFTY PLEASE KEEP THE SL @ 5861 & 5888.

I INITIATED NIFTY SHORT @ 5920.WE PARTIAL BOOK PROFIT @ 5802(120PTS). BREAK 5792 TARGET WILL BE 5756- 5720- 5650-5520.

EXIT ALL YOUR LONG IN NIFTY. ONLY BUY ABOVE 5892(SPOT)ON CLOSING BASIS.

CRUDE PRICES IN PEAK & LIBYA STILL THE PROBLEM NOT RESOLVED UNTIL NOW, SO THIS IS ONE OF THE REASON FOR THE NIFTY MAY FALL ( BEHIND THERE ARE INFLATION AND ETC., )

POSITIONAL TRADERS PLEASE STAY AWAY FROM ABIRLANUVO ( ADITYA BIRLA NAUO ). YOU MUST BOOK YOUR PROFITS HERE AND EXIT.


RISKY traders SHORT ABIRLANUVO @ 886 ( cash ) SL @ 934,
TGT 870 / 863 / 840 / 825. ( SURE SHORT CALL ), double top @ 914 levels in 6 months chart