CLOSED AT :-4075.56 ON 25.4.14
SUPPORT:- 4052.14 / 3979.59 / 3968 / 3946 / 3911/ 3855
RESISTANCE:-4178 / 4186 / 4286.08 / 4371.71
In the intermediate down trend ,I was bearish in the index (see my article posted on 8.4.14)and am still bearish please ignore in between pull back rallies, until and unless it crosses 4178 mark and stays above this for a reasonable period of time no significant up move will happen.However good support exist in the region of 3960-40 but if it maintains below 4111 for sometime then it will be a serious threat to the long term uptrend.
REMARKS:- In intermediate down trend and some technical parameters are indicating that it could break the level of 3791 / 3650 / 3589 in days to come,so avoid long call below 4111 for sure and only think of going long if it maintains above 4178.
SUPPORT:- 4052.14 / 3979.59 / 3968 / 3946 / 3911/ 3855
RESISTANCE:-4178 / 4186 / 4286.08 / 4371.71
In the intermediate down trend ,I was bearish in the index (see my article posted on 8.4.14)and am still bearish please ignore in between pull back rallies, until and unless it crosses 4178 mark and stays above this for a reasonable period of time no significant up move will happen.However good support exist in the region of 3960-40 but if it maintains below 4111 for sometime then it will be a serious threat to the long term uptrend.
REMARKS:- In intermediate down trend and some technical parameters are indicating that it could break the level of 3791 / 3650 / 3589 in days to come,so avoid long call below 4111 for sure and only think of going long if it maintains above 4178.
NOTE:-1.PRICE STATED HERE IS OF
SPOT MARKET.
2.RECOMMENDATIONS
ARE VALID TILL THE STOP LOSS IS TRIGGERED.
3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES
FOR MAXIMUM GAIN AND CAPITAL PROTECTION.
Contact me for strategic guidance to enter and
exit the trade
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