12/01/2009

NIFTY 1st December 2009

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Yesterday mentioned, if NIFTY crosses 4962 then non- stop slide till 5085 (NIFTY already hits 5066)

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ABOVE 4943-4962 NO PROBLEM FOR BULLS.

FOR ALL LONGS SL-4920

TWO CONSECUTIVE CLOSE (yesterday first day closed) ABOVE 4962 WILL TAKE NIFTY UP TO 5085(yesterday hits 5066)

ABOVE 5085 ALL-AROUND BUYING WILL TAKE NIFTY TO NEW HIGH(ABOVE 5184 LEVEL)

TODAY NEO-PLATONIC SUPPORT@ 4989 & 5008

NIFTY RANGE is 4760-5100

"SELL ON EVERY RISE" (ABOVE 5140 DON'T HOLD ANY SHORTS)

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TODAY SELL NIFTY AROUND 5100-5065 FOR A TARGET1-5035, TARGET2- 4983 keep SL-5120

TODAY BUY NIFTY AROUND 4998-4964 FOR A TARGET1-5035, TARGET2- 5085 keep SL-4950

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NIFTY VERTICAL SYNTHETIC RETRACEMENT

INVERSE HEAD & SHOULDER IN LONG-TERM CHART & SYNTHETIC RESISTANCE EXISTS @ 5074

NIFTY TREND CHART

NIFTY TREND CHART1

NIFTY PIVOT TABLE

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