02-08-2010 to 06-08-2010, WEEKLY TREND

I expect NIFTY SPOT to trade rangebound. New series started with light OI indicating traders are not confident about further up move. NIFTY SPOT will face R 5410-5420, 5440-50. I will prefer to watch 5440-50 levels for further up move. Failed to cross these levels will attract fresh shorts in market. On contrary sustainable up move above these levels will open door for fresh up move which looks difficult in current situation. On up side, NIFTY SPOT strong R 5480-90. NIFTY SPOT will take S 5280-90. Break below 5270 levels will warn about possible correction. NIFTY SPOT strong S 5220-30 for next week. Stock specific action will remain in market.


Sunday, January 17, 2010

18.01.2010, WEEKLY TREND (tigernifty)

        Market at crucial stage where heavy profit booking is possible. I expect
        NIFTY SPOT to show sudden n sharp unwinding next week. NIFTY SPOT
        S 5200-5210, once taken out more selling will happen. Below 5190 levels,
        next S 5140-50 levels. Below 5130, next TGT will be 5070-80 levels. I expect
        bounce here. On up side, above 5300 levels will attract short covering.
        
        METAL,
        BANKING
        sector to be watched for down move. 
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