Nifty is trying to break 200 day line now but 5550 will be a strong support.  Next target will be 350 points up side before further fall?.  The final 5th wave downwards will start. Final target may be 5350 in February 2nd week.

Nifty is trying to break 200 day line now but 5550 will be a strong support.  Next target will be 350 points up side before further fall?.  The final 5th wave downwards will start. Final target may be 5350 in February 2nd week. 

Nifty bounced up from the days low 5711 to 5863. It shows that nifty took support at 5700 zone. FII data is long in stocks futures and short in index futures.  Nifty future should cross 5960 then only confident of run up. Otherwise, simply nifty may be at 5600 at 200 day sma/ ema lines. Even 5550 is to be seen.

Nifty is falling now.  The supports are 6080-5960 and if falls the target will be 5725 to touch or break further.

Nifty swings for January 2011

Nifty is expected to swing between 6300-6000-5900.
No major buildup of open interest till now. So if first nifty comes down the build up makes the market to new highs. Else short at 6250-6300 zone for 250 to 300 points profits.
Tata motors 1300-1200 but 1350 will be a danger zone.
Tata steel 700-640 but possibility to go up to 740.

Day trend  is bullish at least for three to 4 days but the nifty future support is 6080. So let us expect nifty future to move between 6080-6280 for this week. If nifty future breaks 6080 target 6000-5980.

HAPPY NEW YEAR 2011.

I WISH YOU ALL A VERY HAPPY NEW YEAR WITH ALL ROUND DEVELOPMENT AND PROGRESS.