BEARS ARE THIRSTY

NS VIEWS(8TH APRIL):

RES:5389-5405-5421
SUP:5352-5320-5290

BUY ABOVE 5379 SL 5368 FOR TARGETS 5389-5405-5413

SELL BELOW 5368 FOR TARGETS 5352-5320-5290

TOMORROW NIFTY MAY OPEN WITH NEGATIVE BIAS(OR GAP DOWN) AND MAY TRADE IN 5320-5389 RANGE.....IF OPENS GAP DOWN AND DOES NOT CROSS ABOVE 5379 IN FIRST 15 MINUTES THEN BELOW 5320 EVEN 5290 MAY ALSO BE RETESTED.BUT IF OPENS FLAT MAY TRADE IN 5389-5368 RANGE FOR SOME TIME BEFORE BREAKING DOWN BELOW 5368 FOR 5352-5336-5320...BUY NIFTY NEAR 5320-5326 LEVELS WITH SMALL SL BELOW 5312..IF SL HITS THEN SELL NIFTY WITH SL ABOVE 5326 FOR 5290

BUT IF BREAK ABOVE 5389 AND SUSTAINS THEN EXPECT TEST OF 5397-5413 LEVELS WHERE IT MAY FACE STIFF RESISTANCE AND NIFTY CAN BE SHORTED WITH SL ABOVE 5428.