ON 8th SEP 2010 - NIFTY LEVELS

MARKETS ARE WENT  UP AND UP IN LAST TWO DAYS. SO THERE IS A CORRECTIVE MOVE EXPECTED TODAY FOR THIS 145 POINTS UP MOVE THERE MAY BE A 50 POINTS DOWNSIDE THAT MEANS MARKET MAY BE CAME DOWN SIDE UP TO 5563 LEVELS AND GET SUPPORT FORM THIS AREA I THINK.

DONT GET OVERNIGHT SHORT POSITION IS IMPORTANT, CUT SHORT POISTIONS IN INTRADAY.

TODAY OUR MARKETS HAVE A STRONG SUPPORT AT 5563 LEVELS, IF IT BREACHED IT MAY GO UP TO 5544 LEVELS.

RESISTENCE ARE AT 5617 LEVELS IF IT BREACHED THEN IT GOES UP TO 5629 - 5637 LEVELS TODAY.

ANY WAY 5593 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 :  

I THINK NIFTY MAY NOT CAME TO BUY LEVEL TODAY IF IT IS GAP DOWN OPENING ONLY YOU BUY AT 5563 LEVELS WITH THE STOPLOSS OF 5548 OR OTHERWISE BUY ONLY AT 5620 STOPLOSS 5590

SELL NIFTY FUTURE BELOW 5590 STOPLOSS OF 5600 TARGET 5563