NIFTY Views - for 25th July 2012:

Nifty again with a Doji !! With Derivatives data, NIFTY expiry seems below 5300.

Even 5100 seems good Support

I Bought at 5125. As expected, Opening was positive, but not a good Volatile session even in Expiry week.

Booked 50 % Profit at 5140.

Market seems Bullish for Tomorrow.

In Monthly Time Frame:  Down Trend

In Weekly Time Frame:   Consolidation

In Daily Time Frame: Nifty support at 200 day MA.

 

Upward Wave ii is going to start & Doji formed at Lower Bollinger Band, so

 

BUY:  the Dips near 5100 or Above 5145 , TGT 5175.

SELL: Short if doesn't sustain above 5100 !!