ON 15th OCT 2010 - NIFTY TREND

 

 

IF OUR MARKET OPENS BELOW  6172 LEVELS MARKETS ARE IN  WEAK POSITION. IF MARKETS ARE OPEN ABOVES 6222 LEVELS THEY MAY BE IN POSITIVE SIDE.

STRONG SUPPORT FOR OUR MARKET AT 6179 LEVELS IF IT BREACHED THEN  MARKET MAY  MOVES  DOWN TO 6115 -  6085 THIS DIRECTION TODAY.


HEAVY RESISTENCE TO OUR MARKET AT 6220 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF 6250 - 6294 LEVELS TODAY.

ANY WAY 6171 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 :  

BUY NIFTY FUTURE AT 6220 S.L. 6200 TARGETS ARE 6250

SELL NIFTY FUTURE AT 6165 S.L OF 6180  TARGETS ARE  6135