NIFTY 12th January 2010

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TODAY'S VIEW

U-TURN level FOR BULLS @ 5311(long-term swing level) & 5351(existing swing) in minutes.

U-TURN level FOR BEARS @ 5209-5202

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TODAY SELL NIFTY AROUND 5282-5265 FOR A TARGET1-5248, TARGET2- 5225 keep SL-5300

TODAY BUY NIFTY AROUND 5216-5233 FOR A TARGET1-5248, TARGET2- 5275 keep SL-5200

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***NIFTY HAS VERY LESS CHANCE TO CLOSE ABOVE 5311 (refer synthetic monthly chart)***

*************BE CAREFUL IN LONGS (Yesterday wrongly mentioned as SHORTS) **********

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BULL LEVELS

If NIFTY able to cross 5290-5294 then will kiss 5334 in minutes (minor resistance @ 5311)

 

BEAR LEVELS

If breaks 5248-5244 then will kiss 5204-5202 (minor support @ 5230-5227) in minutes

If breaks 5204-5202 then will kiss 5158-5148

NEO-PLATONIC support @ 5229 & 5202

 NIFTY SYNTHETIC RETRACEMENT CHART

 NIFTY TREND CHART

 NIFTY GANN'S CHART

 NIFTY PIVOT TABLE