NIFTY NEXT WEEK [10/05/10 – 14/05/10]
As last week we saw huge sell off, next week in the beginning we may see a pullback rally for one or two sessions. Dow Jones too had deeply corrected last week. I feel, in Dow too we may expect a pull back rally. Would it happen then our market too join the rally. As FII’s were turned net sellers for all long week in my sense next week would be trend deciding week.
Last week nifty broke all major support levels and closed in a weak manner. Next week cautious approach is advised for any buying or selling.
NIFTY TRADING RANGE
FOR UP MOVE 5050 - 5383
FOR DOWN MOVE 5020 – 4880

NIFTY FOR MONDAY
For Monday trade I expect a pullback rally. I feel nifty would trade in positive bias. The significant level to be watched for Monday would be 5050 levels.
BUY ABOVE 5050 T1 – 5090, T2 – 5115, T3 – 5140, STOPLOSS – 5035
SELL BELOW 5020 T1 – 4990, T2 – 4965, T3 – 4940, STOPLOSS - 5035

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