NS VIEWS(15TH MARCH,2010)

RES:5161-5177-5190
SUP:5116-5092-5069

TOMMORROW NIFTY MAY OPEN FLAT WITH NEGATIVE BIAS,MAY FIND IMMEDIATE SUPP AT 5121-16 RANGE,IF 5116 IS NOT SUSTAINED THEN NEXT STRONTG SUPPORT IS AT 5092-5088 RANGE..FROM THERE AN INTRADAY BOUNCE IS EXPECTED BUY NIFTY WITH SL 5064 FOR TGTS 5138-5161-5168LEVELS,WHERE AGAIN NIFTY CAN BE SHORTED WITH SL ABV 5183 FOR TGTS 5138-5116..EXPECTED CLOSE MAY BE NEAR 5138+/- 10 POINTS.

IF OPENS POSITIVE THEN CAN MOVE UPTO 5161-68 WHERE NIFTY CAN BE SHORTED FOR TGTS 5138-5116-5092..BUY NIFTY NEAR 5092-5088 RANGE FOR TGTS 5116-5138-5151

IF NS CLOSES BELOW 5116 THEN SHORT POSITIONS CAN BE CARRIED FOR NEXT DAY WITH SL ABOVE 5161..IF CLOSES ABV 5161 THEN LONG POSITIONS CAN BE CARRIED WITH SL BELOW 5138

BE CAUTIOUS AT HIGHER LEVELS NEAR 5190-5225 LEVELS IN COMING DAYS AS SOME SWIFT CORRECTION MAY COME,MAY SEE SOME HUGE VOLATILE DAYS TILL EXPIRY OF MARCH SERIES.

TRADE WITH STRICT SL AND CARRY OVER OF POSITION ARE ADVICED ONLY WITH HEDGING POSITIONS.