10/23/2009

NIFTY

TODAY SELL NIFTY AROUND 5015-5042 FOR A TARGET1-4990, TARGET2: 4960 keep SL-5060

TODAY BUY NIFTY AROUND 4962-4935 FOR A TARGET1-4985, TARGET2: 5025 keep SL-4915

GO SHORT AROUND 5060-5065(MAJOR CHANNEL RESITANCE) FOR A TARGET OF 4990(in minutes it will reach these levels) SL-5085

MAJOR CHANNEL RESISTANCE @ 5045 & 5061

MAJOR GANN’S RESISTANCE @ 5039

If NIFTY able to cross & hold 5045-5061 level for 10-15minutes then BULL rally will start(short covering), minor support @ 5018-5014(Fibonacci levels), breaks will take up to 4990 level in minutes.

NIFTY TREND CHART

NIFTY FIBONACCI & SWING CHART

NIFTY GANN'S CHART

NIFTY PIVOT TABLE

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