Nifty (4504) Sup 4420 Res 4550
SHORT SELL IT AT HIGHER LEVELS, KEEPING A STRICT STOP LOSS OF RUPEES 526 FOR A TARGET OF Rs. 496 AND 490............ --adlabs
BOOK STBT NIFTY TODAYYYYYYYYYYYYYYYYy
AXIS BANKS LOOKS GOOD TO BUY
FOR INTRADAY NIFTY SPOT MAY FIND INITIAL SUPPORT AROUND 4496, THEN AROUND4486 . BREACH OF 4486 CAN TAKE IT DOWN TO 4434 TO 4425 . BREACH OF 4425 WILL MAKE NIFTY WEAK TO SLIDE TO 4400 ,THEN TO 4360 AND THEN FINALLY TO 4325 . ON THE UPPER SIDE FIRST RESISTANCE MAY COME AROUND 4525 FOLLOWED BY 20 WEEK MA AT 4555. BREACH OF 4555CAN TAKE NIFTY TO 4580 WHICH SHOULD INVITE HEAVY PROFIT BOOKING