SMO SAR for Nifty ji: for 10th May'12

CMP: 4975

5DEMA is still wid -ve dy/dx

Since I have booked all shorts, I will either :-

1. Look to Re-enter shorts on Rises (closes towards 5DLEMA / 5DCEMA) ; or
2. Looks for supports @ 4940, & go long if it holds & we close > 4975 (todays close) @ EOD

SMO SAR VERDICT:

SMO SAR EOD = 5061

1. Price closed < 5DLEMA , & 5DEMA is -ve... carry shorts

Support zones : 4940 / 4864

Talk on Longs only once we find a support zone ... & that too, only if we get triggers from
1. Lifo-Fibbo ; or
2. SMO SAR Hr TA Bull x-over

cheers