Sunday, September 24, 2006

Nifty Uptrend update breakout above 3491



Nifty is in breakout mode.
Watch if 3491 can be sustained.

Next major target = 3870 above 3491
On the way up we have 3560/(3597.5/3600)/3640/(3707/3718/3721)/3774/3800/3870
In case of a drop we have supports at 3525/3515/3491/3430/3420/3384/3330

Stoploss for bullish swing traders at 3330.
Stoploss for shorts at 3560. Max short term downside expected is 3525/3491.
Above 3560 we should do 3600 straight.