Upmove continues

Nifty has crossed 5740 easily. About to cross previous high of 5777. New highs possible soon.

Nifty Jumps

Nifty crossed all landmarks like 5680, 5710, 5725. Nifty gave a jump today and just below 5740. 5730-5760 will give some resistance. MACD has also given buy signal in NIFTY.
Watch: Hindalco, JP Associates, Tisco.

NIfty & BN in buy mode

Dow came above its 200DEma on Friday. On back of the positive global cues Nifty & BN are in positive territory (in buy mode).

SAR triggered

Market in down turn. Went below SAR at 5705. Now at 5682.

5740 - STILL THE HURDLE

Nifty crossed the 5740 mark yesterday, but against a 3% fall in Dow, it could not give enough support. Nifty opened around 5710 in the morning and has been trying to cross the 5740 mark. But it has acted as solid resistance again and again. Maybe after today's consolidation it will attempt to cross this hurdle tomorrow.

Final Hurdle at 5740

Nifty closed above the Trendline. Nearest resistance is now again the 5740 (June'11 peak). SAR for monday is 5664.

Trendline Support

                                           Took support at trendline. If sustains above it, it will soon cross EMA-10 and upper trendline. SAR for tomorrow is at 5657.
Intraday If it reverses back, from higher levels(Opening seems to be above SAR) SAR will be 5657-20=5637.