ON 7th JAN 2010 - LITE GREEN or DEEP RED

MARKETS ARE CLOSED BLOW THE TREND LINE NOW SO IT IS A WEEK SIGNAL. MARKET MUST CAME TO 5700 AND BELOW THAT LEVEL NOW.

BUT TODAY IS THE WEEK END SO SOMEWHAT SHORT COVERING IS THERE MARKET MAY CLOSED ON LITE GREEN. FOR THAT IN  1st SESSION MARKET DANCING WITH IN THE 6045 LEVELS. 

IF THAT LEVEL IS BREACHED THEN IN 2nd SESSION MARKET MAY MOVE DEEP RED.

TODAY'S LEVELS ARE :

RESISTENCES ARE AT 6100 - 6115 - 6155 

SUPPORTS ARE AT 6045 - 6030 - 6005

ANY WAY 6077 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.

INTRADAY CALL FOR TODAY :

BUY NIFTY FUTURE AT 6115 STOPLOSS AT 6075 TARGET 6155.

SELL NIFTY FUTURE AT 6045 STOPLOSS AT 6075 TARGETS ARE 6005.