NIFTY Mar 04 Intraday Levels

POSTIONAL: 

SELL on RISES. Nifty likely to target 5600. 

INTRADAY:

• Supports @ 5690/5660
• 5 Month Low EMA @ 5665
• Sustaining below 5660 will lead to an intraday breakdown, which means an intraday move of 90-100 points.
• Friday High made for the day 5739.

On Fri, Mar 1, 2013 at 9:27 AM, Sandeep Koppula wrote:

Fibo retracements of the last fall of 5850 to 5670 @ 5712 (23.6%)/ 5738 (38.2). Short depending on your risk appetite. Aggressive short - 5712; Conservative short - 5738