Apr 18, 2011

EOD Update April 18 2011

Its 18th and the Liquidation Starts after the truncated week.


What a Marvelous day today above 5860 quick 50 points and again below 5780 quick 60 points. Who says we Cant earn intraday. But the rule of the game is Play With levels. Though holding 5700 puts i missed the entire action as BSNL has become a white elephant at my office.Hope so the Connectivity issues get resolved by tomorrow as i don't want to miss the action.Bearishness is confirmed today though NS closed above 200 SMA. Also NS has closed below last weeks panic low. So much to come in the next 3 days.


For tomorrow Resistance lies at 5755 above which a quick dash to 5785. On the contrary below 5720 We can see panic till 5680 - 5625.


Stay short and Stay Safe.



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