intraday swing trading with camrilla equation lvls...nifty chart...

mkt ahead...31st mar 2010...

there is some profit booking after meeting our nifty tgt around 5320.

for short term positional longs tsl can be raised for today to 5240, sl below 5200.

it was an 'inside day'. positional near term directional call can be taken in the direction of brkout/brkdown. but intraday, upto a 50 point shorting opportunity was there on a symmetrical triangle brkdown.

going forward also it may not be easy for nifty to stay above 5300 and it may spend some more time below it and consolidate.

all in spot closing basis.

mkt ahead...29th mar 2010...

5200 tsl maintained for short term positional longs. one can keep holding with tgts 5320/5400.

at present 5320 looks more likely than the second one.

not much change in tsl though. some negative divergence is setting up on indicators, so one must be cautious at higher lvls which have acted as strong resistances in the past.



the lvls and other things are shown in the nifty spot eod chart above.