ON 2nd DEC 2010 - WHERE THIS RALLY ENDS

THIS BULLISH RALLY FOR THE PAST 3 DAYS WHERE IT GOES. IT CLOSES AROUND 6038 I THINK THEN MARKET MAY FALL TO 5550 LEVELS. SO ONLY ONE DAY BULL MOVE IS POSSIBLE I THINK.

STRONG SUPPORT FOR OUR MARKET AT 5955 LEVELS IF IT BREACHED THEN  MARKET MAY  MOVES  DOWN TO 5913 - 5888 LEVELS TODAY.

HEAVY RESISTENCE TO OUR MARKET AT 6002 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF 6028 - 6044 LEVELS TODAY.

ANY WAY 5950 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 6002 S.L. AT 5948 TARGETS ARE 6028, 6044.

SELL NIFTY FUTURE AT 5955 S.L OF 6002  TARGETS ARE  5913, 5888.