ON 22nd NOV 2010 - DOWN DOWN DOWN

MONDAY WE EXPECT THE SAME WAY OF THE LAST TWO DAYS OF THE LAST WEEK. SO MARKETS GO DOWNSIDE.

 

STRONG SUPPORT FOR OUR MARKET AT 5877 LEVELS IF IT BREACHED THEN  MARKET MAY  MOVES  DOWN TO 5824 - 5795 LEVELS TODAY.

HEAVY RESISTENCE TO OUR MARKET AT 5923 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF 5952 - 5995 LEVELS TODAY.

ANY WAY 5870   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 5923  S.L. 5890 TARGETS ARE  5952, 5995. 

SELL NIFTY FUTURE AT 5870 S.L OF 5920  TARGETS ARE  5824, 5795.