NIFTY EOD CHART & VIEWS WRITTEN ON IMAGE FILE (Buy / Sell & Breakout / Breakdown)

Nifty eod charts with views and remark

For week 5th to 9th April 2010

Buy / Sell Levels with Targets and Stop Loss

Breakout / Breakdown Levels with Targets
Click & expand the image file to read the same

ALL LEVELS GIVEN ARE NIFTY SPOT LEVELS
---------------------------------------------------------
VIEWS ON IMAGE CHART FILE MEMTION
BUY NIFTY ABOVE 5316 ON SUSTAIN / BREAK WITH VOLUMES FOR TRG 5360 / 5380 SL 5280 CLOSING
SELL NIFTY BELOW 5280 ON SUSTAIN / BREAK WITH VOLUMES FOR TRG 5240 / 5215 / 5180 SL 5316 CLOSING
BREAKOUT ABOVE LEVEL 5340 TWO DAYS CLOSING REQUIRED TRG 5420 / 5480 / 5505
BREAKDOWN BELOW LEVEL 5170 TWO DAYS CLOSING REQUIRED TRG 5020 - 4970 -4920
MACD -VE DIVERGEN ::: 1% TO 1.5% SELL OFF WILL LEAD SELL SIGNAL
RSI: SUPPORT NOW RESISTENCE
-----------------------------------------------------------------------------------------
(1:11pm) AS PER STREET 5400 CALLS BEEN WRITTEN
BETTER BUY 5300 PUTS CMP 72 and SELL 5500 CALLS 21
-----------------------------------------------------------------------------------------
(2:35pm) NIFTY SPOT MADE A HIGH OF 5354 JUST 6 POINTS AWAY
FROM TRG 1 OF 5360 (BUY CALL AT 5316)
INTRADAY BOOK FULL PROFIT ... WAIT FOR LOWER LEVELS
-----------------------------------------------------------------------------------------