12/21/2009

NIFTY 22nd December 2009

Yesterday mentioned,

Below 4999 NIFTY non-stop slide till 4948 & Gann's support @ 4945 (Nifty hits 4944)

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Today's view

If crosses 4999 level will take up to 5024-5039 level

If breaks yesterday low 4944 level then panic selling will take up to 4908-4880 not ruled out

Neo-platonic support @ 4948 (major) .

GANN'S SUPPORT @ 4934 & 4924 (could be today's low level)

Major RESISTANCE @ 5039

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TODAY SELL NIFTY AROUND 4982-4967 FOR A TARGET1-4955TARGET2- 4924 keep SL-5000

TODAY BUY NIFTY AROUND 4922-4937 FOR A TARGET1-4955TARGET2- 4975 keep SL-4905

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NIFTY GANN'S CHART

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