NIFTY 30th December 2009

REVIEW ON MY PREVIOUS LEVELS

Yesterday mentioned, if crosses 5210-5229 then NIFTY will kiss  5289 level (Nifty not able to cross5229 & hits 5214)

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TODAY'S VIEW

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TODAY SELL NIFTY AROUND 5210-5198 FOR A TARGET1-5188, TARGET2- 5174 keep SL-5230

TODAY BUY NIFTY AROUND 5165-5177 FOR A TARGET1-5188, TARGET2- 5200 keep SL-5150

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Yesterday U-TURN taken @ SYNTHETIC(short-term chart) 70.7% LEVEL @ 5209.

If not crosses yesterday high then a fall till 5115-5108 not ruled out (Go short only below 5161-5144 levels)

BEARS LEVEL

If breaks 5161-5144 then non-stop slide till 5115-5108 not ruled out

If breaks 5108-5086 then non-stop slide till 5045

NEO-PLATONIC support @ 5161 & 5144

BULLS LEVEL

Synthetic levels indicate above 5210-5229 unexpected buying will take up to 5289 (minor resistance) & further upto  5311 & 5398

Synthetic(swing) retracement & U-TURN levels @ 5311 & 5514 (long-term)

GANN'S resistance @ 5126

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NIFTY SYNTHETIC(DAILY) CHART

NIFTY NEO-PLATONIC CHART

NIFTY GANN'S CHART

NIFTY PIVOT TABLE