NIFTY 8th January 2010

REVIEW ON MY PREVIOUS LEVELS

"Yesterday mentioned below 5266 will kiss 5248-5244  (Nifty kissed 5244)

Ascending triangle break-out happened last week, which targets 5421

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TODAY'S VIEW

RISING WEDGE level broken yesterday, NIFTY will kiss 5167-4990 for sure. But when? (short or mid-term)

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

U-TURN level FOR BEARS @ 5204

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TODAY SELL NIFTY AROUND 5295-5279 FOR A TARGET1-5262, TARGET2- 5240 keep SL-5315

TODAY BUY NIFTY AROUND 5230-5248 FOR A TARGET1-5262, TARGET2- 5285 keep SL-5220

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BEARS LEVEL

If breaks 5244-5440 then will kiss 5204 in minutes

NEO-PLATONIC support @ 5257 & 5240

BULLS LEVEL

If NIFTY able to cross 5311(or yesterday's high 5310) then will kiss 5351 in minutes

Synthetic(swing) retracement & U-TURN levels @ 5311 & 5514 (long-term)

Today's high level could be 5337 or 5352 (GANN's level)

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NIFTY SYNTHETIC SWING (BULL) CHART

NIFTY SYNTHETIC SWING (BEAR) CHART

NIFTY SYNTHETIC RETRACEMENT CHART

NIFTY TREND CHART

NIFTY PIVOT TABLE