4.03.11_Friday

Price touched the green median line at the open and had a choppy downmove to close at yesterdays close level.price attempted to cross resistances at the intraday downsloping trendline drawn during the day but without any luck.

Quite a disappointing day as global cues on thursday was very good and expected the price to reach 5600+ levels.Todays price has put the expected rally on hold till it crosses 5600 levels.Downside 5525 / crossover of 20 ema is the stoploss level for longs.

My intraday trades were closed for a loss as I too succumbed to the gyrations of Nifty and went against my plans.