ON 7th DEC 2010 - SELL

I THINK TODAY MARKETS ARE BREACHED THE STRONG SUPPORT AT 5972 THEN IMMEDIATLY 97 POINTS DOWN( THEN MAY BE UP IN THE CLOSE.) SO THERE MAY BE A VOLATAIL SESSION. BUT IT IS NOT A COMPULSION TO UPSIDE MOVE IN THE LAST.

STRONG SUPPORT FOR OUR MARKET AT 5962 - 5945 LEVELS IF IT BREACHED THEN  MARKET MAY  MOVES  DOWN TO 5924 - 5916 LEVELS TODAY.

HEAVY RESISTENCE TO OUR MARKET AT 6021 - 6038 LEVELS IF IT BREACHED THEN IT  MAY GOES  TO THE DIRECTION OF 6064 - 6102 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.

RECOMMANDATION FOR TODAY :  

BUY NIFTY FUTURE AT 6039 S.L. AT 5994 TARGETS ARE 6064, 6083.

SELL NIFTY FUTURE AT 5972 S.L OF 5999  TARGETS ARE  5945, 5916.