ON 14th SEP 2010 - GO SHORT AT HIGHS

TODAY MARKET MAY LOSS MOMENTUM DUE TO PROFIT BOOKING I THINK. SO GO SHORT AT HIGHER LEVELS ONLY GIVES PROFIT TODAY. MARKET MAY GO UP TO 5824 OR 5846 LEVELS TODAY. IF REVERSE FROM THE 1st SUPPORT IT MAY CAME UP TO 5750 LEVELS.


SUPPORTS ARE AT 5747 LEVELS IF IT BREACHED THEN IT GOES UP TO 5725 LEVELS TODAY.

RESISTENCE ARE AT 5824 LEVELS IF IT BREACHED THEN IT GOES UP TO 5845 LEVELS TODAY.

ANY WAY 5783 IS A CRUCIAL POINT AND TURNING POINT TODAY. IF IT IS BREACHED DOWNSIDE THEN IT MAY GO DOWN OR ABOVE THIS MARKETS MAY GO UPSIDE.

RECOMMANDATION FOR TODAY :  

SELL NIFTY FUTURE AT 5824 S.L OF 5847 1st TARGET 5794 2nd TARGET 5764

OR ( IF IT IS NOT GO TO 5824 LEVELS )

SELL NIFTY FUTURE AT 5783 S.L OF 5800  TARGET 5747