Review of NIFTY Spot on Monthly Basis from July 2010 to Jan 2011........19 Jan 2011

As I had said on 17 Jan 2011 in the report of 18 Jan 2011 that because of short covering by FIIs a short move on upside is possible up to 5750 in the market and what happened on 18 Jan 2011 NIFTY moved on upside tried to cross the 5750 but became fail. What happened today on 19 Jan 2011 everyone knows very well. Again NIFTY Spot tried to touch the 5750 but again became fail, made the high of 5747.65 and became finally down made the low of 5662.55.  The 1st Trading Support for NIFTY Spot is 5620.55 suggested on 17 Jan 2011 and remaining 5586.35, 5548.55.


If  we see the movement of NIFTY Spot on monthly basis, then its clearly states that where it is going and what the drama in the market is going on. See the Chat....below.....

NIFTY Spot Movement on Monthly Basis from July 2010 to Jan 2011

If we see the chart its clearly states that how NIFTY Spot is moving. I think there is no need to say more....  Only indication is sufficient for intelligent.