12/11/2009

NIFTY 11th December 2009

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Same level as mentioned yesterday, TODAY ABOVE 5143 NIFTY WILL KISS 5170-5181 IN MINUTES

ABOVE 5206-5218 BULLS WILL HAVE UPPER HAND WITH TARGET 5283-5316 (minor resistance@5252)

NEO-PLATONIC SUPPORT@ 5089 & 5105 & GANN'S RESISTANCE @ 5195

Below 5082 non-stop slide till 5044-5034. if breaks 5034 then 4946 not ruled out (minor support @4980)

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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

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 5168-5151 FOR A TARGET1-5135, TARGET2- 5110 keep SL-5185

TODAY BUY NIFTY AROUND 5100-5118 FOR A TARGET1-5135, TARGET2- 5155 keep SL-5080

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NIFTY VERTICAL SYNTHETIC (EXTENSION) RETRACEMENT CHART

NIFTY TREND CHART

NIFTY PITCHFORK CHART

NIFTY SWING CHART

NIFTY PIVOT TABLE

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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, above 5143 NIFTY non-stop slide till 5169 (As NIFTY not able to hold5143level & hits 5146)

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