ON 22nd DEC 2010 - DON'T GO LONG

HEAVY RESISTENCE TO OUR MARKET AT 6026 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF  6041 - 6060  LEVELS TODAY.

HEAVY SUPPORT FOR OUR MARKET AT 5974 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF  5958 - 5936  LEVELS TODAY.

ANY WAY 5996 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.

I THINK MARKET MOVES DOWN SIDE TODAY BUT GLOBEL CUES ARE IN POSITIVE IT MAY GO UPWARDS IN ONE SESSION AND ANOTHER SESSION IT MAY CAME DOWN SIDE. 

 

I THINK MARKET CLOSES BELOW THE 6011 LEVELS TODAY. IF IT OPEN AT or GO HIGH or LOW IT CAME TO THE EXTEND.

SO DON'T GO LONG TODAY IS MY ADVICE, MARKET IS NOT BREACH THE 6040 LEVELS I THINK.

IF OUR MARKETS CAME DOWNSIDE IT MAY CAME TO 5950 LEVELS.
 

RECOMMANDATION FOR TODAY :  

BUY NIFTY FUTURE AT 6000 S.L OF 5995  TARGET IS   6040.

SELL NIFTY FUTURE AT 5990 S.L OF 6010  TARGET IS 5960.