07th may 2009...

as per previously posted nifty chart, the breakout tgt range mentioned is nearly done. the support area is 3480-3517. although nifty suddenly came down in intraday yday due to negative div and profit booking but has not damaged charts much, we will try to book part of the remaining 50% longs. nifty perhaps will still attempt to move toward the imp 3800-3820 resis area in coming days, beyond which at present looks a bit difficult.