Apr 3, 2011

Welcome Monday

Fizzle .....

Is the Rally fizzling out or still we are heading for new highs. The blue channels are now active with targets of 6300 6700 7200 NF. Well is it going to happen. I feel This is nothing but a sucker bear market rally & we will come to know soon.

For tomorrow 5880 is the resistance and above it we may see 5920-5950 NF. Below 5880 support lies at 5825 and below 5825 we would visit 5760. As such time is still ripe and hence start adding shorts at every resistance. 

You never know which fall will make you lift.

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