ON 26th NOV 2010 - DOWN DEEP

THERE ARE SENTIMENT AND REASON AGAINST OUR VIEW :  LIKE FIRST TRADING DAY OF THE MONTH NORMALLY IN GREEN. HUGE WINDING OF SHORT POSITIONS MAY BE MARKET GO UPSIDE.

BUT WHAT I THINK IS MARKET MAY BE GO 100-110 POINTS IN NIFTY DOWNSIDE TODAY.

STRONG SUPPORT FOR OUR MARKET AT 5762 LEVELS IF IT BREACHED THEN  MARKET MAY  MOVES  DOWN TO 5735 - 5688 LEVELS TODAY.

HEAVY RESISTENCE TO OUR MARKET AT 5856 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF 5883 - 5924 LEVELS TODAY.

ANY WAY 5816 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 5856 S.L. AT 5812 TARGETS ARE 5883, 5924.

SELL NIFTY FUTURE AT 5762 S.L OF 5822  TARGETS ARE  5735, 5688.