ON 5th FEB 2011 - NIFTY FUTURE

VERY SORRY TO OUR READERS LAST TWO WEEKS WE ARE NOT GIVEN DAILY POSTS ,IT IS ALL DUE TO CURRENT PROBLEM (WISHES TO OUR ELECTRICITY BOARD) TODAY ONWARDS WE GIVE DAILY I THINK? ( IT IS ALL IN THE HANDS OF E.B.)

TODAYS THOUGHTS :

TODAY'S LEVELS ARE :

RESISTENCES ARE AT : 5560 - 5590 

SUPPORTS ARE AT : 5470 - 5455

ANY WAY 5520 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.

UPSIDE 5945 IS VERY STORNG RESISTENCE. SO AFTER BREACHING THAT ONLY BUYING IS ADVICEABLE. 


AND ALSO MARKET BOUNCE FORM 5700 LEVELS BUT THIS TIME MARKET MAY BREAK THIS LEVEL AND GOES AROUND 5550 - 5570 LEVELS I ALREADY TOLDYOU.

I THINK MARKET MAY GO UPWARDS IT IS IN 2nd WAVE ( ONLY ONE PROBLEM IS NIFTY FUTURES ALREADY MARKED 5375 SO IT MAY BE TOCUHED AND THEN GO UPWARDS IS A POSSIBLITY.) SO AUTOMATICALLY FOR 3rd WAVE IT MAY UP BUT WHEN? IS THE QUESTION NOW?

INTRADAY CALL

BUY NIFTY FUTURE AT  5560 STOP LOSS AT 5520 TARGETS ARE 5590, 5620.

SELL NIFTY FUTURE AT  5470 STOP LOSS AT 5520 TARGETS ARE 5445, 5430, 5415.