12/21/2009

NIFTY 21st December 2009

Friday mentioned,

Below 4999 NIFTY non-stop slide till 4976-4946 & Gann's support @ 4979 (Nifty hits 4979)

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Today's view

STAGE1: If Breaks 4999 level then panic selling will take up to 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 @ 4945 & 4934 (watch these level, it could be today's lower level)

Major RESISTANCE @ 5070

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TODAY SELL NIFTY AROUND 5023-5005 FOR A TARGET1-4985, TARGET2- 4960 keep SL-5040

TODAY BUY NIFTY AROUND 4952-4970 FOR A TARGET1-4985, TARGET2- 5010 keep SL-4935

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NIFTY GANN'S CHART

NIFTY SWING CHART

NIFTY TREND CHART

NIFTY SYNTHETIC RETRACEMENT CHART

NIFTY PIVOT TABLE

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