Looking towards 5300

If Nifty keeps it closing above 5100 & doesn't close below 5000 it will maintain it's up trend.Touching 5300 will not be a problem this time.

The bounce was excellent

Nifty bounnced the back very sharply.It may cross 5182 this time.If it crosses 5182,next target would be 5300.

Except Gulf Jerk every thing is ok

As mentioned in my previous post in this blog,nifty is going up in high bullish mode.Only Gulf news has given us a good jerk of 300 points fall in nifty.As mentioned,nifty has touched 5179(almost 5181).

Now it is marching towards 5300.Have a S.L OF 5144C on all your longs.