Monday 2 May 2011

May NiftyFuture Positional Targets !

Previous Months DirectionalPlay followed by cashing the Theta by selling Options,
Now followed by another directional Play,which side?
Rectangle between 5950 & 5700 being intact !
Ready for breakout,
On closing basis above 5950, Target 6200.
below 5700  Target 5450.
 A Strong Trendline resistance on upward, if breaks above 5950,chances are likely all time Highs,Can BULLS be able to ???  If not then, below 5700 on closing basis, 5450, or even lower?

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