NIFTY Views- for 27th June 2012:
Nifty has tried many times to cross the supports of 5090. Bulls are on strength as are managing to close above Big Supports. Now, Next resistance for Bulls- 5160, 5190 levels
In Daily Time Frame:
RSI - Downtrend
Bollinger - Up to Side trend
In 30 min Time frame:
RSI - Downtrend
Bollinger - Reversal
So Now,
BUY: No New positions ! If Old positions, Hold till 5200, SL - 5090
SELL: Short near 5200, SL 5222 after Expiry
Market seems Bearish in next coming days, after Expiry. So TGT expected - 140 points !!