mkt ahead...06th apr 2010...

in previous posts i had raised the short to medium tgts for nifty to 5320 and 5400.

it was also said that first tgt is achievable immediately and nifty will take spend some time near/below 5300 before proceeding to second tgt.

exactly same thing we saw happening in nifty actual trading. also i had from time to time given an updated/raised the tsl for short to medium term positional nifty traders(5240 last time) and as always it was so perfect it never got hit for those long positions, keeping them safe.

not much change in tsl required at present.

but nifty has run up and closed above the imp 5320.i.e., 5368. it has also given a breakout closing and the resis is now above 5450 where profit booking might come. so the second tgt 5400(approx.) is on the radar now. 5300 should be acting as near to short term support now.