Nifty View for week starting 3 Dec 2012

last week nifty made high of 5885 after breaking our resistance of 5670, which was also our stop loss level for all shorts. That is the only reason we always suggests to follow stop loss strictly. those who obeyed SL will be in safe side. always remember small losses can recover but big one you can't recover..
For this week I would like to be on safe side. its better not to trade when you are not sure.. So no trade from my side for the weak. Trend deciding level for the week is 5875 if nifty hold this than bull will take control over it else profit booking may be seen.
Those who are willing to buy it look to buy around 5820-5830 will stop loss of 5790

Nifty View for week staring at 26 Nov 2012

Nifty spot just moved as we have mentioned in our last post, it took support at our support levels dot to dot. and took resistance and 20 Days EMA at 5648. Now next hurdle for nifty spot is 5670 and it will be on the finger tips of bull only is sustaions above this levels. However on daily chart it shows a DOJI followed by a Hanging-man, suggest a bearish sentiment.  So my preference will be to short with a stop loss of 5670 spot.

Support : 5600-5548-5490-5432
Resistance : 5670-5710-5806-5896

Nifty View for week starting at 19 Nov 2012

Last week nifty made high of 5719 and low 5560. this movement shows 5620 is nearest resistance for NSE nifty. sustaining below this bears will have upper hand on market . Nearest support for Nifty 5548 below this 5460 is next target.
Key levels for the week are as follows

5940-5782-5623-5511-5460-5300


Disclaimer apply

Nifty View for week starting at 5 Nov 2012

Last week Nifty open at 5665, made high of 5711 and low of 5698. for the week starting on 5th Nov 5660 will act as a crucial level and will work as a major support. till than nifty trades and sustain above it Bulls has no need to worry. 5750-5775-5820 and 5920 will work as resistance levels for the week and down side support at 5610-5530 and 5400..

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