NIFTY 5500 CALL given to 'SOKHI FULL PACK Members" 20 to 42 - More than 100% GAINS in few mins....NIFTY VIEW GIVEN BELOW !! JOIN for Rs 15,000 p.a

NIFTY 5500 CALL given to 'SOKHI FULL PACK Members" 20 to 42 - More than 100% GAINS in few mins....NIFTY VIEW GIVEN BELOW !! JOIN for Rs 15,000 p.a till 31s June 2011. Rush ur mails to sokhitrading@gmail.com

"Friday's rise was truly spectacular and unexpected as 5352, 5400 and 5449, the 38.2%, 50% and 61.8% retracement levels of the 5605-5196 fall were all taken out in one go. Also, Nifty decisively crossed and closed above 20 and 34 day moving averages. Does this turn the view decisively bullish? Not yet. As we have been mentioning, a resumption of the higher-top higher-bottom on the daily chart is the prime requirement to turn the near term view decisively bullish and we are yet to see that. The first requirement of a higher-top will get fulfilled if Nifty crosses 5520, the top made on 14th June as shown in the daily chart below, which will then have to be followed up by a higher-bottom. Beyond 5520, Nifty would find a tough resistance around 5605. On the downside, the 5343-5330 gap, created by the gap up opening on Friday, is likely to act as a support. Traders are advised to book profit in trading longs as Nifty approaches 5520 and wait for the resumption of higher-top higher-bottom formation before taking fresh long positions." SOURCE - Edelweiss

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