28th april 2009...

nothing much has changed on intermdeiate positional basis and the trend is still up.

fiis have net bought about 1061 cr in cash(prov.) and f&o trade combined basically in cash and index options.

the approx. range 3300-3512 is not broken closing basis though it was temporarily breached on its either side by about 4-5 points in last few days.

support or tsl has shifted up to 3384 and the stop loss is 3296 closing basis.

there is to and fro movement around 200 dma and nifty is trying to stay above it. yday a higher high was made intraday whereas negative divergence on indicator hints at some profit booking is due.