For 03 Nov 2010

As saying since last 2 weeks Nifty spot 6130-5960 level is very important....now this range is getting narrower...now watch 6090/6075-6130/6140....it has to break either side.....festival season may give breakout but before that testing/protecting of 6075 seems very important.....if weekly close is above 6140 then rally -if happened- will sustain next week ..else breaking of 5935 and testing of 5890 on card..

For 21 Oct 2010

As said on 18 Oct. 2010.....it kissed 6129.9 on 19 Oct and heavily profit booking happened there..and as expected 5965 level also seen yesterday.....
Now market is at crucial stage.....5960 important...break will take nifty spot towards 5930...that is last hope for Bulls for taking nifty spot towards 6130 again....if that also breaks then 5880/5760 on card....
So one may take a long call near 5960/5940 with sl 5930 on closing basis.....first tgt would be 6040....

For 18 Oct 2010

On friday as 6156 broken my tgt 6090 achieved without any hesitation...even intraday updated for tgt og 6045...it touched 6050 and closed at 6062....
Now for today...6045 very crucial...if this support breaks then nifty spot may see 5965 or 5925....
Current weekly close also important..if nifty close below 5930 then 5720 not far away....or even it closed below 6105 then we may see more correction and trend reversal.....
On upper side 6130 is important now ..only above this bulls will have upperhand for few sessions...