Nifty Trading for 24-03-11

As expected yesterday ,The SAR of 5450 gave a long trade with entry at 15 min ORB break on the upside.Today's close was above the 5dHema as well as 20dema.

Tomorrow's trade will be important for the short term reversal . Following are important observations that will help in Nifty's trading tomorrow.
 

Trading Notes

Last two days of  Nifty trading has not produced the impulse down below 5360 and neither has  crossed the 5430 level as analyzed in the Weekend Post - CLICK HERE for the detailed analysis and insight.

Following are the developing observations -

Sideways

Today was a low volume ,rangebound ,Sideways Trading Market .

INTRADAY

Was about to post this chart below at 5395 levels.still check it out

Update: It cuts above zero line of macd and makes a new day 's high.my ,my!!!

INTRADAY