ON 19th NOV 2010 - UP or DOWN

MARKET CLOSED ABOVE THE DOUBLE BOTTOM LEVELS OF 5975 BEFORE THAT IT  GO TO 5925 LEVELS. SO WE EXPECT THE JUMP FORM THIS BOTTOM TECHNICALLY. BUT IT IS NEWS BASED MARKET MAY BE GO TO DOWN SIDE ALSO.

IF IT DIPS BELOW 5975 LEVELS TODAY MARKET THEN GO DOWN SIDE, MARKET HAVING RESISTENCE AT 6077 IF IT BREACHES THEN MARKET GO UP SIDE.





WHAT I THINK IS THE MARKETS MAY BE AT A HIGH IN FIRST PART OF THE TRADING THEN AT LAST HOURS OF TRADING THERE MAY BE A PROFIT BOOKING. IF MARKETS CAME BELOW 5975 AT FIRST SESSION THEN MARKET MAY BE GO DOWNSDIE.  


STRONG SUPPORT FOR OUR MARKET AT 5987 LEVELS IF IT BREACHED THEN  MARKET MAY  MOVES  DOWN TO 5975 - 5933 LEVELS TODAY.

HEAVY RESISTENCE TO OUR MARKET AT 6064 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF 6077 - 6107 LEVELS TODAY.

ANY WAY  5995 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 6035  S.L. 5987 TARGETS ARE  6077, 6107. 

SELL NIFTY FUTURE AT 5995 S.L OF 6035  TARGETS ARE  5975, 5930.