Weekly pivot

S 2               S 1                Pivot            R 1              R 2
5898.60    5980.60       6132.35        6214.35      6366.10

For 25-10-2010 Nifty future go long above   6096  <<<  Short below  6065    >>>     6003.


Tata steel:         633   <<<<   622   >>>>  615


Tata motors:   1155  <<<<    1133     >>>>1113


TCS:  now in long  stop loss 979  >>>    short>>>  959>>>>   944 

Over all market is in danger, one has to check nifty to takes support at 6060/5960. Go long only after nifty crosses 6150 or after strong bounce from 5960.

FII data sold in cash first time in the near term, sold in F&O.

For monday trade: go long in nifty above 6150 but short term trend is down target 5960.
Tata steel go short if breaks 630 target 590 short term trend is down.
Tata motors not long but short below 1150 target 1110.
TCS no long but go short below 950 target 915 and 900.

FII data : bought in cash and sold in index and stocks futures continuously.

For 15-10-2010: Nifty below 6130 short (most possible trend) for a target 5960. For all longs stop loss is 6130. Short only below 6130 nifty.

Tata motors:  Trend is long and short only below 1183 target 1148.

Tata steel: Trend is long and short only below 644 target 619 and below.

As the market is falling from over bought zone of RSI it is expected a dangerous down swing targeting nifty 5960 except a bullish view for the sake of Coal India IPO.

coal india ipo and what is to markets?

Nifty is in small falling channel and the range for the week is 6030 to 6140-6160. If nifty crosses the limits markets move in that direction. Target new high in the forth comming week?? Let us wait and see.