Nifty for 30112010:
As per 29th Nove trading nifty took a bounce from the fall closed at 5830. Good trading.

• Nifty future added 3+ lakhs.
•  FII data bought in cash, index future, stocks futures.
•  US markets are falling and fall further???.

 In a falling market nifty has to bounce up to 5960 and fall further by facing resistance lines around 6000 +/-20 points on eod charts. This is expectation as of now. But if there is any strong news +ve from Govt market has to continue upward journey.  As  seen from the 2 G/Bribe for Loan scams  the medium term down trend is already set that may fall up to 5550-5450-5150 which may run for few months???

Nifty : nifty future short below 5800 stop loss is same. Long if market is in green and stop loss is 5800 future.

Nifty won't fall below 5800 as of now. The December series will be in between 5800-6000. Will nifty breaks the range in either direction? One has to wait and see. The settlement today may be in between 5850-5950.

Nifty for 23112010: nifty future will open in red because of global -ve cues. Support 5960 and target most possibly for this settlement 6109. Trade in between. As per data up to this day December settlement will be in red.

For 18112010:

Nifty future levels bullish above 6100
downward target (if nifty future is in red) 5830 5800.

HAPPY DIWALI

EAST OR WEST INDIA IS THE BEST

PUT OR CALL PROFIT SHOULD FALL into your pocket.

New SAMVAT will fetch you more profits.  Expected the SENSEX to move up to 24000 before a big correction to 18000. Then finally we may see 30000 and above after 2 years.  Wish you all success on the EVE of SAMVAT  to SAMVAT trading.    balaji....