NEXT TARGET

AFTER THE HUGE UPWARD MOVEMENT ON FRIDAY 24th JUNE 2011 THE NEXT TARGET OF THE NIFTY FUTURE WILL BE 5600 LEVELS.

IN 5605 - 5625 HEAVY RESISTENCE AREA IS THERE. BUT I THINK MARKET MAY BREAK THIS RESISTENCE AND GO TO UPSIDE.

BEFORE THAT FEW CONSOLIDATION OR LITTLE DOWNSIDE TAKEN PLACE DUE TO GLOBLE MARKET MOVEMENTS.

IF 5625 IS NOT  BROKEN THEN THERE MAY BE A CHANCE TO BREAK DOWNSIDE SUPPORTS, BUT IT IS ONLY 20% CHANCE. 

SO LONG PLAYERS IN NIFTY BOOK PROFIT AT 5600 LEVELS, AND BREACHING OF 5625 GO NEW LONG POSITIONS. SHORT PLAYERS BOOK PROFITS IN CONSOLIDATION LEVELS.

THESE ARE ALL THIS WEEK OR SHORT TERM LEVELS ONLY. WE WILL SAW THE NEXT LEVELS AFTER THIS ACHIVEMENTS.

NOTE : MONDAY ON 20th JUNE LOW WAS 5182 IN NIFTY FUTURE, BUT IT IS NOT BREAK THE 5150 LEVELS IN SECOND TIME. 

WHAT WE SAID IN LAST VIEW MARKET MAY UP AT ANY TIME. YOU SAW THAT LAST FRIDAY.

CAUTION

NOTICE

MARKET IS NOT CUT THE 5150 LEVELS IN NIFTY FUTURE WE TOLD AT JAN 2011 IT IS ALSO SUITABLE FOR NOW. SO THE LOWER MOST STOPLOSS OF ALL NIFTY LONG IS 5150.

IF IT CUTS THEN MARKET MAY GO UPTO 3700 LEVELS SO IT IS NOT POSSIBLE IS MY VIEW (80%).

IF YOU ARE LONG NOW YOU MAY BE CUT NOW AND BUY AT LOWER LEVELS, BUT WHERE NIFTY TURNAROUND? 

IT IS NOT POSSIBLE TO PREDICT NOW?, ANY TIME MARKET MAY UP IT ONLY WATING FOR THE GLOBEL CUES. IT GIVES POSITIVE SIGNALS THEN MARKET MAY GO UP IMMEDITELY.

DEPENDING UPON THIS YOU MAY TAKE YOUR POSSTIONS.