Dhanvarsha Crucial Nifty Futures levels for 28 Oct 11

Dhanvarsha Crucial Nifty Futures levels for 28 Oct 11
<5220><5256><5292><5334><5364><5384><5420><5439>
Dow futures are trading below 20 points  ..
Japan and Korea...are in profit booking mode at present  trading below 0.5% from day's high
please visit all links posted here ... for more clarification..
It was  predicted just 2 months back
http://dhanvarshagrp.blogspot.com/2011/08/5400-is-possible-within-2-months-on.html
and as per this chart 5430 is upside barrier ...
http://dhanvarshagrp.blogspot.com/2011/08/weekly-spot-nifty-chart-is-showing-that.html
so if u are at back foot and trapped just consider these market levels and plan your trades accordingly...
Today's market will be governed by fear and panic so it is not easy to asses what will be the end result...
as  when we will see 3 to 4 %  gap up in market it may run in any direction...
if profit booking started then those will be happy and hold with the hope of more relief ..
If market will move a little bit up then short covering will take market to further up and up ...in that case traders who are holding long positions will enjoy and place there ask rates at higher levels..
there are 80 % chances of filling of gap created today by gap up as SGX Nifty is filling its gap every day since last 4 sessions ..will it miss today...? and today's gap is at up side...
SGX nifty is traded at 5442  up 2.08 % at 6.51 AM
Nifty eod chart is showing that 200 DMA and upper trend lines are ready to resist further up move above 5380 5400 level..
so expect a pause or reversal in trend..