SMO SAR for Nifty ji: for 29th Mar'12

CMP: 5195

For the Swing Trade opened @ 5325,

Nifty points gained as on EOD today : 5325-5195 = 130 pts (& still counting)

OBSVs for SMO SAR

1. Closes Bang on 5DLEMA!!!

2. No change in dy/dx of 5DEMA

3. Close below important ST/F Support TL @ 5220

4. Support Zones      : 5084  / 5133 / 5160

5. Resistance Zones :  5225 / 5256 / 5280

6. VOLS ... are the only ODDITY... pretty subdued & @ variance to TREND  ??!!

SMO SAR VERDICT:

SMO SAR LEVEL = 5250 (EOD close)

1. Carry Shorts & cover 50% @ POTENTIAL SUPPORT ZONES (i.e 5133-5160)

2. For balance 50% , carry with TSL as 5250 (@ this pt 5DEMA will change dy/dx)

cheers