12/17/2009

NIFTY 17th December 2009

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Yesterday mentioned,

Below 5033 NIFTY non-stop slide till 5003 (NIFTY hits 5001 )

& Resistance given @ 5077 (NIFTY hits 5067 )

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

If crosses 5082 & holds for 5-10 minutes then 5110 not ruled out. Go long only above 5206-5217.

SELL ON RISE (around 5072 level)

Today below 5033 NIFTY non-stop slide till 5004 (minor support) & further to 4976-4948.

Neo-platonic support @ 5004 (minor) & 4948 (major) .

Major RESISTANCE @ 5072

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TODAY SELL NIFTY AROUND 5078-5060 FOR A TARGET1-5044, TARGET2- 5003 keep SL-5090

TODAY BUY NIFTY AROUND 5003-5024 FOR A TARGET1-5044, TARGET2- 5072 keep SL-4990

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


NIFTY SYNTHETIC RETRACEMENT(LONG-TERM) CHART

NIFTY SYNTHETIC CHART

NIFTY TREND CHART

NIFTY PIVOT TABLE

No comments:

Post a Comment

DISCLAIMER

All the content mentioned in this blog is my personal journal and should not be taken as a trading advice. Please use the content purely for learning purposes. I may or may not be holding any positions in the stocks/contracts under discussion. I will not be responsible for your profits or losses