12/10/2009

NIFTY 10th December 2009

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Last week mentioned, above 5085 no problem for BULLS & if crosses then 5182 not ruled out (NIFTY hits 5181)

Yesterday mentioned, below 5110 NIFTY non-stop slide till 5085 & support given @ 5089 (NIFTY hits 5090)

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ABOVE 5143 NIFTY WILL KISS 5170 IN MINUTES

TODAY NEO-PLATONIC SUPPORT@ 5089 & 5105

WEEKLY CLOSE LEVELS TO WATCH 5240/5070 (IF CLOSED ABOVE/BELOW THESE LEVELS THEN BULLS/BEARS WILL HAVE UPPER-HAND)

RISING WEDGE SUPPORT @ 4982 (major support). BREAKS WILL TAKE UPTO 4800-4500 LEVEL

GANN'S RESISTANCE @ 5195

ABOVE 5085 NO PROBLEM FOR BULLS.

WATCH 5155 LEVEL, TWO WEEKLY CLOSE & MONTHLY CLOSE ABOVE THIS LEVEL WILL BE HIGHLY BULLISH WITH TARGET 5990 LEVEL FOR ALL LONGS SL-5050

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TODAY SELL NIFTY AROUND 5144-5127 FOR A TARGET1-5110, TARGET2- 5089 keep SL-5155

TODAY BUY NIFTY AROUND 5080-5096 FOR A TARGET1-5110, TARGET2- 5135 keep SL-5070

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NIFTY VERTICAL SYNTHETIC RETRACEMENT

NIFTY TREND CHART

NIFTY TREND CHART (WEEKLY)

NIFTY GANN'S CHART

NIFTY PIVOT TABLE

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