12/07/2009

NIFTY 7th December 2009

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Last week mentioned, above 5085 no problem for BULLS & if crosses then 5182 not ruled out (NIFTY hits 5181)

Last two days mentioned, above 5124 NIFTY will kiss 5155-5182 (NIFTY hits 5161 & 5181)

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ABOVE 5085 NO PROBLEM FOR BULLS.

WATCH 5155 LEVEL, TWO WEEKLY CLOSE & MONTHLY CLOSE ABOVE THIS LEVEL WILL BE HIGHLY BULLISH WITH TARGET 5990 LEVEL FOR ALL LONGS SL-5070

BELOW 5070 non-stop slide till 5026-5015 LEVEL.

IF BREAKS 5015 THEN PANIC SELLING WILL TAKE UP TO 4980 & FURTHER TO 4915 LEVEL

DOUBLE TOP MADE @ 5181 LEVEL, FRESH LONG ONLY ABOVE THIS LEVEL

NEO-PLATONIC SUPPORT@ 5098 & 5070 & RESISTANCE @ 5137 & 5160

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TODAY SELL NIFTY AROUND 5152-5130 FOR A TARGET1-5105, TARGET2- 5080 keep SL-5170

TODAY BUY NIFTY AROUND 5065-5085 FOR A TARGET1-5110, TARGET2- 5137 keep SL-5060

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NIFTY TREND CHART

NIFTY NEO-PLATONIC CHART

NIFTY SWING CHART

NIFTY TREND(LONG-TERM) CHART

NIFTY PITCHFORK CHART

NIFTY PIVOT TABLE

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