NIFTY VIEW FOR THIS WEEK

HI FRIENDS,

AS EXPECTED NIFTY MOVED WELL ABOVE 5200 AND CLOSED @ 5201.05 WHERE AS HIGH TOUCHED 5221.85
AS WE EXPECTED RESISTANCE @ 5240 FOR THE WEEK.AS ONLY 3 TRADING DAYS ARE IN LAST WEEK, THERE
IS A CONFUSION LEVELS FOR BOTH BULLS & BEARS WHICH DIDNT BROKEN THE RESISTANCE LEVEL SO,THIS
WEEK IS CRUCIAL TO MAKE THE TREND CLEAR.AS MARKETS ARE IN STILL BULLISH PHASE WE HAVE TO
WATCH OUT FOR BREAK OUTS AS PER RESISTANCE LEVELS IN THIS WEEK,GIVING RESISTANCE WITH
PIVOT POINT AND SUPPORT SEPERATELY< BUT OVER ALL WE HAVE TO LOOK FOR EMA LEVELS, TO
KNOW THOSE,CLICK OTHER CHART 

20 EMA @ 5087.28 WHICH IS MAIN SUPPORT AS OF NOW ,IF THIS BREAKS WE CAN SEE 5006.18 WHICH IS 50 EMA
AND NEXT SUPPORT WE CAN SEE @ 4938.73 ,JUST WATCH THESE LEVELS IF YOU ARE BORN BULL TO SAVE YOUR
PROFITS WATCH THE TRIANGLE GIVEN IN THE CHART MAJOR RESISTANCE NOW @ 5230 AND SUPPORT LINE
NEARER TO 20 EMA WHICH IS @ 5090

IF WE SEE THE ASCENDING TRIANGLE WE ARE GETTING A TARGET OF 5900 IN THIS NEW YEAR
THIS IS GOOD NEWS FOR BULLS ,BUT MANY TIMES TRIANGLE BREAK OUTS FAILED ,SO BETTER
WATCH OUT FOR THIS WEEK ,CORRECTION CAN COME @ ANY TIME IN THIS WEEK

AS PER TIME ANALYSIS TUESDAY 29TH DECEMBER 09 GIVEN REVERSAL
MADE A HIGH OF 5214.6 AND REVERESED TO CLOSE BELOW 5200 @ 5187.95
AS TOLD IN 28TH DEC 09 POST NEXT REVERSAL WE CAN EXPECT ON WEDNESDAY LITTLE REVERSAL { 06.01.10}
EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND