Nifty spot update for 18-03-2010

Nifty spot Trend based on Option Analysis : Down
The probability of going up is 40.96 % and going down is 59.05 %

Nifty spot Trading as per Elliot Wave
Go Short at / below 5260.5. Stoploss at 5165.76. Target 1 is 5208.98.
Go Short at / below 5240.82. Stoploss at 5157.75. Target 2 is 5200.32.

Nifty Future Intraday Calculation Based on Volatility
Sell at / below 5247 for following Target and stoploss
Target 1 : 5246.91 Target 2 : 5234.42 Target 3 : 5221.93 Target 4 : 196.95
Target 5 : 5184.46, Stoploss : 5271.9

My Trading Style on Nifty Spot

Nifty's pivot point is 5225.

If Nifty is staying above 5239 then first target is 5278 and second target is 5309. After rise if Nifty unable to stay above 5278 then short can be initiated at 5264 with stop 5278.
If Nifty is staying below 5224 then first target is 5186 and second target is 5142. After fall, if Nifty stays above 5186 then long can be initiated at 5196 with stop 5186.

Best of luck.