NIFTY 50 future TRENDS

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4209211

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today nifty fut closed exact at low of 08/05/2012 4987 max upside i expect is 5004-5028
max upside is resticted to 5050 all lvls on fut nifty and also do remember tomaro irrespective of the momentum we have an immediate correction upto 4950-4940 is expected so simple if gap up so keep a sl of 5004-5028-5050 depends on opening go shot and tgt is 15EMA on 30min and then if trades below then hold ur shots and trail sl to cost
if we see a gapdown which is more likely as per me then will update
tomorrow will be the carry thru day of bulish sentiment if bulish sentiment is held and if we close on bulish basis so the rally can continue upto 5140-5175 maxx upside is 5175
the above tgts are all on fut nifty and i expect nifty to go upto 5050-5075 and then profit booking will come in and bnf will outperform nifty in its uptrend i have a tgt of 9800-9900
i am holding bnf long from 9500 and tgt is given above and also traded sbin 2050 call brought @ 20 4lot and sold at 56 2lot still holding 1lot for tgt of 96 and also holding shot position on nifty so lot see what comes my way 2maro

this is my view on mkt on a short term am sorry not on tj today because website was not being opned today and mere bhai ka Bday bhi hai naa toh i was and am very busy
 
Manohar Sir,
Pl correct me if I am wrong.
Expecting a range 5035-4880 for next day.

Thanks.
Upper Value 5280
61.8% Retracement Level 5089
50.0% Retracement Level 5030
38.2% Retracement Level 4971
23.6% Retracement Level 4898
Lower Value 4780

5075 200 DMA is very important level to watch out for on the up side
Maintain SL at 4940 for all long position
R3-5047 R2-5016 R1-4984 These are the Weekly Pivot Res.

38.2% retracement 4971 and weekly R1- done with
Slowly steadily moving towards 5000 i said it before.
 
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