12/08/2009

NIFTY 8th 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)

Yesterday mentioned, below 5070 NIFTY will kiss 5026-5015 (NIFTY hits 5051)

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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

Yesterday breaks 5070, now if not holding that level then 5026-5015 not ruled out

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

GANN'S SUPPORT@ 5038

Today above 5110 level bulls will have upper hand & will take up to 5137 -5160 level

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TODAY SELL NIFTY AROUND 5110-5088 FOR A TARGET1-5070, TARGET2- 5026 keep SL-5120

TODAY BUY NIFTY AROUND 5025-5045 FOR A TARGET1-5070, TARGET2- 5105 keep SL-5010

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NIFTY SYNTHETIC RETRACEMENT CHART

NIFTY GANN'S CHART

NIFTY PIVOT TABLE

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