ENTER AT LOWER LEVELS

12, May
Nifty 3701.05


Today, If Nifty doesn’t violate 3655 level it could quickly rebound from lower levels and a cross-over above 3730 region would confirm the bottom.

If it moves below 3655 level quickly in the morning itself, then Nifty could bottom out around 3590-3610 levels.

In any case the trend in Nifty continues to be bullish, and we could see a quick rebound from any of these levels and in coming trading sessions Nifty could move above 3800.

The stop for the longs in VSNL is 478.

Nifty is forming a bullish triangle pattern, and at present, Nifty is well within the pattern and it is about to break out in the upside in coming trading sessions. Only if Nifty moves below 3520 region, the bullish view on Nifty would get negated. So, unless 3520 is broken, the lower levels can be used to initiate long positions.

As previously mentioned, Nifty is about explode in the upside in coming trading sessions and it could test 4200 region in a very short span of time.

HOLD YOUR LONGS, STOP 3730

11, May
Nifty 3754.25


Today, Nifty could move towards 3780-3800 region sharply as mentioned earlier. However, if it moves below 3730 region, it has potential of testing 3700 region. The stop for the longs is 3730.

If the level 965 is not violated in the downside, Acc has potential of testing 1030 region in coming trading sessions.

Majority of individual stocks are about to rally sharply in coming trading sessions.

Nifty is about explode in the upside in coming trading sessions and it could test 4200 region in a very short span of time.

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