Nifty levels for 08.05.2012

Nifty levels for 03.05.2012:

Nifty levels for 03.05.2012:


Dear friends,
Good evening. Today (03.05.2012) nifty confirmed 5DEMA-10DEMA bullish crossover failure and expected to see lower levels (than earlier expected).

Tomorrows levels (04.05.2012):
5DEMA 10DEMA 5DHEMA 5DLEMA
5214.63 5223.30 5242.79 5194.98

5DEMA-10DEMA bullish crossover zone: 5262. Above 5262 uptrend..
MACD Zone: 5205. Close above 5205 possible trend reversal (to up)..
SMO SAR: 5215 (based on diff 5DEMA turning +ve)
Posiitonal shorters SAR: 5223.30.
Now 3DEMA<5DEMA<10DEMA<13EMA (5210.40<5214.62<5223.29<5228.42)

Inititate positional shorts tomorrow (if missed today) sell on raises with SL 10DEMA (5223.30). Close below 5194.98 is extremely bearish.