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.