28/3/11 NIfty game plan

Friday I was looking for rotational day which got negated above 5616 and got a spurt on upside.

Dont want to change my trading setup within one day failure. Lemme have some filter to avoid those whipsaws .

Today again looks a normal day with less swing . Nifty breaking 5690 or 5640 with volumes will Negate the normal day . 5681 is the key level. Above that buyers will dominate and below that sellers will dominate. Positional nifty broken 5616 on upside where shorts had been covered with force. Now next level to watch on upside is 5758. Still for me it looks a trap rally. rest I left to markets itself ........




Jay

Happy trading !!!!!