ON 23rd DEC 2010 - CHOPPY

ON 22nd WE SAID MARKET GO UP OR DOWN LASTLY CLOSED LITTLE BELOW THE 6011. AND MARKET GO UP ONE SESSION AND CAME DOWN SIDE ANOTHER SESSION - ALL ARE VERY ACCURATE.

HEAVY RESISTENCE TO OUR MARKET AT 6037 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF  6049 - 6070  LEVELS TODAY.

HEAVY SUPPORT FOR OUR MARKET AT 5996 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF  5985 - 5940  LEVELS TODAY.

ANY WAY 6013 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 TRADING IS CHOPPY ONLY. IF MARKET CAME DOWNSIDE THE LOW IS 5940 LEVELS IF UPSIDE HIGH IS 6070.

 

RECOMMANDATION FOR TODAY :  

BUY NIFTY FUTURE AT 6037 S.L OF 6012  TARGET IS   6070.

SELL NIFTY FUTURE AT 5996 S.L OF 6015  TARGET IS 5946.