NS VIEWS:

RES:5283-5299-5311
SUP:5244-5222-5195

BUY ABOVE 5268 SL 5252 FOR TRGTS 5283-5299 -5311
SELL BELOW 5252 SL 5268 FOR TRGTS 5244-5222-5195

TOMM NIFTY IS EXPECTED TO OPEN FLAT AND MAY TRADE IN 5222-5283 RANGE.
IF TOMORROW NIFTY DOES NOT FALL BELOW 5244 THEN EXPECT NIFTY TO SEE TARGETS OF 5299-5303 RANGE WHERE NIFTY CAN BE SHORTED WITH SL ABV 5316 FOR TRGTS 5283-5269

AND IF COULD NOT MOVE ABOVE 5274 THEN EXPECT NIFTY TO SEE TARGETS OF 5210-5197 WHERE NIFTY IS A BUY WITH SL BELOW 5180 FOR TARGETS 5222-5244-5268..

GUESS NIFTY MAY CLOSE NEAR 5255-5268..A DOJI IN CANDLESTICK CHARTS

NIFTY WILL BE WEAK AND SHORTS CAN BE CARRIED FOR NEXT DAY IF CLOSES BELOW 5222 AND WILL FAVOUR BULLS IF CLOSE ABOVE 5299 CAN CARRY LONG POSITIONS AS BTST.

WE EXPECT NIFTY TO TRADE AND CONSOLIDATE FOR 5-6 DAYS IN RANGE OF 5183-5330 NOW BE4 BREAKOUT FOR 5420-5447,MEANTIME THE ACTION MAY SHIFT FROM LARGE CAPS TO SELECT MIDCAPS AND SMALL CAPS.

TOMORROW BEING 31ST MARCH ,ITS 2009-2010 FIN YEAR CLOSURE SO PLZ BE CAUTIOUS IN SHORT POSN NEAR END OF DAY AS THESE MUTUAL FUND GUYS MAY JACK UP PRICES TO PROPELL THEIR NAV NEAR CLOSING TIME .TODAY ALTHOUGH MKTS CLOSED IN RED,FII AND DII WERE NET BUYERS.