ON 16th DEC 2010 - GET SUPPORT or NOT

ON 15th MARKET MOVES DOWNWARDS TO OUR RECOMMANDED SELL DIRECTION AND TO THE LOW OF NEARER TO OUR 2nd TARGET OF 5872, SO MARKET IN THIS WEEK CLOSES 1st TIME BELOW THE 5920 LEVELS. FOR TOMORROW STORNG SUPPORT EXISIT AT 5860-5850 LEVELS MARKET MAY BE BOUCE BACK OTHERWISE IT HEADED TO 5800 I THINK. 

HEAVY RESISTENCE TO OUR MARKET AT 5940 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF  5965 - 5995  LEVELS TODAY.

HEAVY SUPPORT FOR OUR MARKET AT 5880 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF  5860 - 5820  LEVELS TODAY.

ANY WAY 5920 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 5940 S.L OF 5910  TARGETS ARE  5975, 6005.

SELL NIFTY FUTURE AT 5880 S.L OF 5910  TARGETS ARE  5850, 5820.