NIFTY OUTLOOK

Markets form "lower high lower low"pattern for 15 days in a row, last bullish

bar as the deciding factor, level is 5140 spot.

"Bharat Bandh" today affected the market in the form of narrow range of 30

points and low turnover .

For tomorrow, long position should be taken only

above 5272 with stop loss of 5260. On higher

side it will find resistance at 5310 - 5333 -5353.

Fresh short position should be taken only below

5210 with stop loss of 5230. At lower level, it

support at 5150 and 5080.

Nifty future's expected high and low for 6-7-10 is

5272 and 5222

5 EMA has crossed 15 EMA from the top decisively

confirming the reversal.

AND ALSO IN 30MIN CHART 0N 5-7-10 NIFTY FUT HAD

FORMED CUP & HANDLE

TREND LINE IS 5240

BREAK OF THIS WOULD TGT 5240-70=70