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Sunday, May 30, 2010

SGX NIFTY - LEVELS TO WATCHOUT - UPDATE - 31st MAY '10

On Friday closed at 5037

Above 5031 level…..Bull’s will have upperhand.Two Consecutive close above this level will take to 5117-5145 level.

-Suppose not crosses High of 5064 & remains below 5046 will take to 4992-4974 level.

-Thirsty Indian Traders ,Just watch 4992-4974 level very closely.

If breaks and closes below 4974 ,then I see panic upto 4920-4902 level.

-So watch :4974 & 5031 level very carefully.