Nifty for 23d March 2010As we said BEARS GRIP is getting intact and be careful with longs a current levels, and the magic numbers which we had posted were duly hit and respected by the markets. This is the beginning of the BEARS ad as we had said time is testing our patience and sooner or later TIME would prove us right....
Time is in your hand in the form of a wrist watch but you cann control time by the help of the adjustement button on it but REAL TIME will be REAL TIME ^_^ which cannotbe controlled and changed by any one !!!
If one sees the previous rally from 4800 to 5300 levels, the stock prices were at there peak and when nifty crashed from 5300 to 4600 and then the pull back is being seen in the index only, but the prices of the stock which had fallen from high have just recovered hardly from the previous levels which there were at when nifty was at 5300 levels, which clearly proves that this brake out is a false brake out and all expecting new highs and highs till 5400 would be a DREAM as of now......
For the Session
Nifty Important Level – 5215 (Futures)
Nifty can touch - (Futures)
Above the mentioned levels bulls - 5233.45 - 5251.27 - 5273.40 - 5295.53 - 5313.35 - 5331.17
or
Below the mentioned levels bears - 5193.50 - 5171.37 - 5153.55 - 5135.75 - 5113.60 - 5091.47
MOST IMP LEVELS - 5187 - 5270
Bulls Grip above 5251 & 5185
We don't advice to create any LONG POSITIONS at current levels, markets have given a false brake out, we are awaiting for DOLLAR INDEX to pull back and Fii's are buying since one week which doesn't mean that they would not unwind there positions, BE CAREFUL YET AGAIN....
EVERY ONE GETS A CHANCE TO EXIT
We would like to wish all the Pirates a very all the BEST.
Regards
Treasure Captain
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