May 06, 2009

NiftyEOD Chart, 06-05-09

This is for education purpose only and may not be useful for trading


Buy signal holds with SL at 3600 (fut; gap).

Above 3520, markets can rally to 3520+(3520-3300)=3740. Today, markets reached3720 and sold off and retested recent supports.

Option writing points to support at 3400 and resistance at 3800.

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