ON 24th DEC 2010 - 5950 or 6040

 

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.

ON 23rd WE SAID MARKET IS CHOPPY HOW ACCURATE IT IS YOU KNOW THAT.

HEAVY RESISTENCE TO OUR MARKET AT 6005 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF  6040 - 6070  LEVELS TODAY.

HEAVY SUPPORT FOR OUR MARKET AT 5970 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF  5950 - 5920  LEVELS TODAY.

ANY WAY 5990 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. IF MARKET BREACHES 5970 IIT MOVES FASTER. UPSIDE IS LIMIT IT IS ONLY TO 6040.

RECOMMANDATION FOR TODAY :  

BUY NIFTY FUTURE AT 6005 S.L OF 5990  TARGET IS   6040.

SELL NIFTY FUTURE AT 5970 S.L OF 5990  TARGETS ARE 5940, 5910.