Nifty

Well, well, well ... we finally managed to break the resistance range of 4285-4295 today. Even though we closed a shade below it in the end, the last hour's action did indicate that the resistance is as good as broken. As mentioned on 2nd May, Nifty is headed for 4375 level (few believed we would reach there when I gave that call, but thats another story! ) ... so, now that we are within striking distance of that level, here's a specific call on Nifty ... if Nifty breaks 4320 and sustains above it, we are headed for 4350-4375-4393. Buy NF in that event with stops at 4285 spot .. and the break of 4285 spot has to sustain, a blip wont invalidate the call. Higher levels for Nifty would be given once 4393 is achieved. Enjoy !