12/14/2009

NIFTY 14th December 2009

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Last week mentioned, above 5085 no problem for BULLS & if closes above 5155 then BULLS will have upper-hand (NIFTY crossed 5155 but not able to close above it. NIFTY hits 5182)

Yesterday mentioned, above 5143 NIFTY non-stop slide till 5169 (NIFTY made new high & hits 5182)

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Above 5130 will take up to 5155 . Go long only above 5206-5217

Today below 5091 NIFTY will kiss 5064 for sure

Channel support @ 5079 & 5069. If breaks 5064 then 5043-5033 not ruled-out.

If breaks 5033 then BEARS will kill the market.

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TODAY SELL NIFTY AROUND 5170-5143 FOR A TARGET1-5110, TARGET2- 5082 keep SL-5195

TODAY BUY NIFTY AROUND 5065-5090 FOR A TARGET1-5110, TARGET2- 5155 keep SL-5050

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NIFTY SYNTHETIC RETRACEMENT(SUPPORT) CHART

NIFTY SYNTHETIC RETRACEMENT(REISTANCE) CHART

NIFTY TREND CHART

NIFTY PIVOT TABLE

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