Technicals - Gulshan Ranjan & Vikas Rastogi
19.05.2011
IIt's Direction Less Market.......Not
Giving Any Break-Out in Lower or Upper-Side........!!!Nifty today may open +ve but it seems difficult to cross 5452, yesterday it had given sharp fall from this level. you can go short around 5450 with a stop loss of 5452 & intraday target of 5408
Today's
Levels....................!!!
Well....Today's Above........5443.00 Mark..Favours Bulls Only, Above that Mark...It's Most Likely that
NIFTY FUTURE...May Try to Hit...........5469.00 and than....5488.00 too in
Today's Trading Session.....( KEEP SL : 5417 to Your Buying Position )
Bears...May Try
to Know the Door...by Moving Below........5401.00 Mark...Below that
Mark...NIFTY FUTURE...May Try to Hit......5383.00 and 5363.00 too in
today's Trading Session ( KEEP SL : 5417 to Your Selling Position
)
I believe that to be a good trader it’s very important to be rational and have your emotions under control. I’ve been trying for years to get rid of anger completely when I completely lose money, and I’ve come to the conclusion that it is impossible. I can work towards that goal, but until the day I die, I don’t think I’m ever going to be able to look a big loss in the face and not get angry. – MONROE TROUT
Yesterday we had writen below 5432 level it will slide upto 5398-5387.Just see it kissed 5397.60 & closed at 5424 level.Our Hurdle was at 5472-548.It kissed 5463 & crashed.
These are the Down Targets in Short run :5373-5323 !
Break and close below 5323 for 2 consecutive days will take to 5175-5124 level !!
Head & Shoulder formation :Neckline at 5300-5330 level.There after will see worst decline of our life time.
We dont want to write levels and create panic.WILL update once it will break 5300 level.
Suppose not breaks low of Yesterday :5397
& Trades above 5412 level then ??
Watch Rally upto 5454—————-5468 !!
Yes ,Will act as MAJOR HURDLE …………………!!!
Now above this level if trades for 5/10 minutes with volumes then ????
Nonstop Rally upto 5493—5510————5524 not ruled out.
Support @ 5398-5387.
More Details ,Intraday levels to our Subscribers.
One thing is sure ,Aaj ya kal mein ek panic banega and sharp rally will start then there after will see major slide of our lifetime …For that u have to wait and need patience.
Updated at 6:58/19th May/Baroda/India
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