NIFTY 20th January 2010

EXPECTED FUTURE LEVELS

Major U-TURN LEVEL @ 5431 or 5441 (CLICK HERE FOR REFERENCE CHART), NIFTY will cross this level but won't close above this level for sure. (NIFTY already hits 5310) 

BULL

Ascending triangle break-out happened last week of december, which targets 5421 (Nifty already kissed 5311)

BEAR

****CAUTION*****  RISING WEDGE IN WEEKLY CHART TARGET 4945-4525  ****CAUTION******

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REVIEW ON MY PREVIOUS LEVELS

Yesterday mentioned below 5265-5256 will kiss 5241-5237 (Nifty kissed 5218)

Also mentioned below 5241-5237 will kiss 5305 (Nifty has taken minor support @ 5216 & kissed 5218)

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TODAY'S VIEW

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TODAY SELL NIFTY AROUND 5263-5244 FOR A TARGET1-5225, TARGET2- 5205 keep SL-5272

TODAY BUY NIFTY AROUND 5187-5206 FOR A TARGET1-5225, TARGET2- 5250 keep SL-5170

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*************************  BE CAREFUL IN LONGS  **************************

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TREND LEVELS

Today's trend resistance @ 5236 & Weekly trend support @ 5178

NIFTY PITCHFORK CHART

NIFTY SWING CHART

NIFTY PIVOT TABLE

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BULL LEVELS (if yesterday's low not taken out)

If NIFTY able to cross 5245-5255 then will kiss 5269-5273 in minutes

If crosses 5269-5273 then will kiss 5305 (minor resistance @ 5284)

NIFTY SYNTHETIC SWING(DAILY) CHART

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BEAR LEVELS

If breaks yesterday's low or 5216 level then non-stop slide till 5205-5192

If breaks 5205-5192 (U-TURN LEVEL) then non-stop slide till 5169-5164

NIFTY SYNTHETIC SWING (BEAR) CHART

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