12/18/2009

NIFTY 18th December 2009

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Yesterday mentioned,

Go short around 5072 (NIFTY hits 5064 )

Below 5033 NIFTY non-stop slide till 5004 (NIFTY hits 5013 )

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TODAY SAME LEVEL AS MENTIONED LAST TWO DAYS, below 5033 NIFTY non-stop slide till 5004 (minor support) & further to 4948 level

STAGE1: If Breaks 4999 level then panic selling will take up to 4976-4948 level

STAGE2: If Breaks 4948 level then panic selling will take up to 4926-4908 level

Neo-platonic support @ 4948 (major) . GANN'S SUPPORT @ 4992 & 4979

Major RESISTANCE @ 5070

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TODAY SELL NIFTY AROUND 5070-5055 FOR A TARGET1-5040, TARGET2- 5020 keep SL-5080

TODAY BUY NIFTY AROUND 5013-5027 FOR A TARGET1-5040, TARGET2- 5060 keep SL-5000

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NIFTY TREND CHART

NIFTY GANN'S CHART

NIFTY NEO-PLATONIC CHART

NIFTY PIVOT TABLE

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