Inspite of the gap up opening yesterday, Nifty could not even sustain above the 20dema and lost its gain to close flat. Last hope is the 50dema close. 5dema lesser than 20dema is good for Bears. If Nifty closes below 50dema, then, Bears will have a party this week.
LEVELS FOR TODAY
NIFTY
Buy Above/SL 5459/181174 Target 5494/18289
SAR/Sell Below 5436/18102 Target -------------
Sell Below/SL ---------------Target -------------
SAR/Buy Above -------------Target -------------
BANK NIFTY
Buy Above/SL 10859 Target 10950
SAR/Sell Below 10802 Target --------------------
Sell Below/SL ---------Target --------------------
SAR/Buy Above -----------Target -----------------
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