Wednesday, April 11, 2012

Still More Hurdles ?

Nifty Showed some Recovery in the later part of the Trade today. Support 5188 still on Hold. But on going Structure suggest a-b-c, where we are in sw(b) now. An Upmove upto 5306 possible Tomorrow. As today I told to Buy Nifty above 5210 with Support as SL for a Target of 5250 & 5290. First Target Achieved in the first part of the Trade. Tomorrow 5306 Visible on chart. In Case Nifty able to Breaks and Trade above 5306 with Volume, further upmove and Good short Covering not ruled Out. Nifty may Try to Jump and Show Strength above 5338-40 on Spot as its a Clear Bulls Trigger. Lets See!!!