ON 13th DEC 2010 - BOOK PROFITS

STRONG SUPPORT FOR OUR MARKET AT 5860 - 5830 LEVELS IF IT BREACHED THEN  MARKET MAY  MOVES  DOWN TO 5780 LEVELS TODAY.

HEAVY RESISTENCE TO OUR MARKET AT 5920 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF 5980 - 6006  LEVELS TODAY.

ANY WAY 5910 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.

TODAY I THINK MARKET MAY OPEN AT 5890 LEVELS THEN GO UP TO 5920 IS A STORNG RESISTENCE, IT WILL BREACH AND GOES UP TO 5970 LEVELS AND THEN CLOSES BELOW THE 5920 - 5890 LEVELS, 

SO IF YOU ARE HAVING LONG IN FIRST SESSION YOU MAY BOOK PROFIT IN THE SECOND SESSION. MARKET BREACHES THE STORNG SUPPORT OF 5860 THEN IT MAY GO UP TO 5780 LEVELS. BUT I THINK MARKET IS CHOPPY SO DOWNSIDE MORE IS NOT POSSIBLE.

RECOMMANDATION FOR TODAY :  

BUY NIFTY FUTURE AT 5890 S.L. AT 5860 TARGETS ARE 5920, 5950.

SELL NIFTY FUTURE AT 5860 S.L OF 5890  TARGETS ARE  5830, 5800.