Wednesday, May 4, 2011

Sample Call for 5th May 2011

Stock Name Action S/L Pivot T1 T2 T3 T4
HAVELLS Sell 385.8 381.5 374.35 370.05 362.9 358.6
  • As we have said yesterday Nifty has tested its bottom level 5508 and closed at 5537
  • In EOD chart Nifty is oversold and in Weekly chart Nifty can still go further down. 
  • There is a little chance that Nifty can bounce back but it has to cross 5539 level and stay above.
  • Nifty levels ==> Resistance 5539 and 5576, Support 5500 and 5463

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