24-02-2012 premarket levels

MARKETS FOR 24 FEB 2012     NIFTY CONTINUED WITH ITS CORRECTIVE MODE  BY MAKING A LOWER HIGH, LOWER LOW & LOWER CLOSING. AS WAS MENTIONED YESTERDAY, SPOT NIFTY COULD NOT SUSTAIN ABOVE THE CRITICAL LEVEL OF 5535 AND AFTER A SHORT COVERING BREACH  OF THE CRITICAL LEVEL OF 5535 TO REACH 5537, SPOT NIFTY CRASHED AGAIN TO MAKE A DAILY CLOSING OF 5483 JUST AT THE CRITICAL SUPPORT OF 5484 AS WAS MENTIONED YESTERDAY. THE BREACH OF 5490 TO 5484 SPOT ZONE INITIALLY SAW NIFTY CRASH TO A DAY LOW OF 5460 TO BOUNCE BACK TO A HIGH OF 5537 TO FALL AGAIN. SO, AS LONG AS SPOT NIFTY CONTINUES TO REMAIN BELOW 5540 TO 5545, RUTHLESS SHORTING BY THE INTRADAY TRADERS WITH A TIGHT STOP LOSS ABOVE 5550 TO REVERSE FOR GOING LONG SHOULD BE THE PROFITABLE ROUTINE OF EVERY INTRADAY TRADER HENCEFORTH. HOWEVER THIS DECLINE IS AN IDEAL LIFE TIME OPPORTUNITY FOR MEDIUM TO LONG TERM INVESTORS TO BUY AND ADD MORE LONG POSITIONS TO THEIR PORTFOLIO FOR GREAT GAINS IN NEAR FUTURE.

 

IM STILL SHORT IN NIFTY FUTURE 5540 STOP LOSS AND STOP AND REVERSE LEVELS IS (spot)5525