12/15/2009

NIFTY 15th December 2009

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Yesterday mentioned,

Above 5130 NIFTY non-stop slide till 5155 (NIFTY hits 5155)

Below 5091 NIFTY non-stop slide till 5064 (NIFTY not able to breaks 5091 level decisively & hits 5090)

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Today same level as given yesterday,

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 5142-5124 FOR A TARGET1-5105, TARGET2- 5082 keep SL-5160

TODAY BUY NIFTY AROUND 5065-5087 FOR A TARGET1-5105, TARGET2- 5130 keep SL-5050

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NIFTY PIVOT TABLE

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