Nifty As On Daily Charts Suggest That The Dowmove May Give A Pause Looking At Reliance Result And Shall Try To Move Towards 6050 – 6150 Levels Where 6150 Is A Hurdle Which Has To Be Cleared To Reach Towards The Peak Of 6284 Levels If This Levels Is Crossed Than Expect A Rally Towards The Peak By Diwali But Facing Resistance At Supply Zone May Drift The Market Toward The Lower Channel Monday Markets Might Open Flat To Positive And Shall Watch The Levels Given
Levels For The Week Are :
Buy At 5955 With Sl Of 5900 For The Target Of 6086
Breakout Above 6140 – 6150 Levels
Breakdown Below 5900 Levels
Operators Are Playing Game And Taking The Benefit Of The Volatile Markets It Is All Manuculation As The Premium On Expiry Was Very High No Retailer Was Able To Roll Over
The Swing Remains Down With Sl Of 6151
Hourly Charts Of Niftyfuture Also Denotes The Same Levels Of Resistance And Support Which Has To Be Played With Cautious Approch Still My Dates Remains The Same Of Prediction And A Correction Should End At This Levels And Start The Next Upmove But Markets Are Supreme And It Is Better To Follow The Trend
Bullish Views Of Square Of Nine Says That Nifty Spot Holding Close Above 5966 Could Go To 6464 Levels While Bearish Views Says That It Has Next Support At 5792 – 5673 - 5554
I Am Out Of Town Shall Be Updating The Data After 15/11/2010
ReplyDeleteTo Inform You All The Swing Is Up Now Above 6150 With Sl of 6100
As Per Our Prediction In Last Week That Nifty Shall Be Above 6284 By 8/11/2010 And Has Given Close Above 6300 ENJOY...........
Wish You All "HAPPY NEW YEAR"