NIFTY 21st 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 5216 will kiss 5205  (Nifty kissed 5201)

Also mentioned above 5245-5255 will kiss 5269-5273 (Nifty not able to cross 5255 decisively & kissed 5256)

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TODAY'S VIEW

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TODAY SELL NIFTY AROUND 5252-5236 FOR A TARGET1-5218, TARGET2- 5201 keep SL-5270

TODAY BUY NIFTY AROUND 5191-5206 FOR A TARGET1-5218, TARGET2- 5240 keep SL-5170

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

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TREND LEVELS

Today's trend support @ 5155 & Weekly trend support @ 5177

NIFTY TREND CHART

NIFTY TREND(WEEKLY) CHART

NIFTY PIVOT TABLE

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

If NIFTY able to cross 5231-5236 then will kiss 5276 in minutes (minor resistance @ 5250)

NIFTY SYNTHETIC SWING(DAILY) CHART

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BEAR LEVELS (if yesterday's high not taken out)

If breaks 5205-5192 (U-TURN LEVEL) then non-stop slide till 5161-5144

If breaks 5261-5144 (U-TURN LEVEL) then non-stop slide till 5115-5108

NIFTY SYNTHETIC SWING (DAILY) CHART

NIFTY SYNTHETIC SWING (WEEKLY) CHART

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