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Wednesday, March 30, 2011

30/3/11 NIfty game plan

Today it looks same kinda move like yesterday and better swing on the second half.

People keep shorting at higher levels and getting paid with their stop loss. Until the smart money start selling why to fight with them ? rather lets enjoy with them.

5773 key level for the day. Above that buyers and below that sellers will dominate. Technically 5839 next level to be watched for this rally.The threshold of this rally looks it might cross 5900 -50. So until some good selling happens below support level (5735) don't be on short side. All the context here are for Intraday. Positional still stay away till expiry for safer side.




Jay

Happy trading !!!!!!

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