Wednesday, May 5, 2010

Quick Update on MP levels

I'm not posting charts but just wanted to update on some levels I am watching.

5292 from last week worked like a charm and did a good job to slow down market action and the other Market Profile pivot of 5060 was reached today.

Now 5110 ( Nifty currently at 5105 spot ) and 5135 should be short term reference levels for the upside.

Above 5135 we may once again see 5220.

Failure to overcome 5135 will bring 4985.

2 comments:

mo h said...

hi shai,
thanks for the system,
as well the levels of MP.
hope things ease up on you early.
best regards

Shai said...

Mok,

System??

Thanks for your wishes. :)