JAY SWAMINARAYAN...
WE SAID " NOW ONLY ABOVE 5660 NIFTY WILL BE GENERATE STRENGTH AND ONLY ABOVE 5750 NIFTY WILL BE GENERATE MOMENTUM BUT IT'S LOOK LIKE DIFFICULT FOR NIFTY AT THIS TIME. THIS IS RIGHT TIME TO OPEN SHORT ON NIFTY AT CURRENT LEVEL WITH SL 5720 - 5750 FOR TGT 5570 - 5480. " NIFTY TRADED EXPECTED LAST WEEK . FIRST IT DECLINE TOWARDS 5590 THEN IT TURN BACK TO POST WEEKLY HIGH AT 5740. ABOVE 5660 NIFTY GAVE SURPRISED MOVE WHAT WE EXPECT IN ADVANCE. BUT NIFTY DID NOT SUCCEED TO CROSS 5750 OR GAVE 2 CLOSE ABOVE 5720 - 5750 AND ON FRIDAY IT'S TURN BACK SHARPLY TOWARDS 5650.
WE SAID ON 1-3-11 " WE EXPECT BORDER [RANGE] BAND IS 5050-5750 AND WE BELIEVE THIS TWO LEVEL DECIDE FUTURE OF NIFTY..." LAST WEEK WE GAVE ONLY 1ST RES AND NIFTY NOT ABLE TO CROSSED THIS LEVELS.
WE EXPECT SAME FOR THIS WEEK. ONLY ABOVE 5660 NIFTY WILL BE GENERATE STRENGTH AND ONLY ABOVE 5750 NIFTY WILL BE GENERATE MOMENTUM BUT IT'S LOOK LIKE DIFFICULT FOR NIFTY AT THIS TIME. NOW BELOW 5660 NIFTY WILL BE LOSE STRENGTH AND BELOW 5570 NIFTY WILL BE LOSE MOMENTUM ALSO. NIFTY FIND 1ST SUP AT 5570 - 5480 AND 2ND AT 5390 - 5300. NIFTY FIND 1ST RES AT 5660 - 5750.
NIFTY : OP = 5679.55 , HI = 5740.40 , LO = 5610.75 , CL - 5660.65.
