RESISTANCE :- 5144.13, 5382.46, 5536.03
SUPPORT :- 4752.23, 4598.66, 4360.33
BREAK - EVEN POINT :- 4990.56
MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 4990.56
NIFTY HAS MADE THE AGAIN NEW LOW IN LAST TRADING SESSION OF THE WEEK FROM 14 NOV 2011 TO 15 NOV 2011 @ 4837.95. IT HAD SAID THAT SOME SHORT COVERING IS EXPECTED IS FROM 4811 - 4870, YESTERDAY ON 18 NOV 2011 NIFTY SPOT MADE THE LOW @ 4837.95 AND DID BOUNCE BACK FROM THIS LEVEL AND FINALLY CLOSED NEAR THE DAYS HIGH @ 4905.80, DAYS HIGH @ 4915.90. BUT IT HAD ALSO SAID THAT NIFTY SPOT HAS MONTHLY SUPPORT OF NOV SERIES @ 4903.63 AND NIFTY SPOT HAS BROKEN THIS SUPPORT, SO NIFTY SPOT CAN TOUCH UP TO 4600 IN THE NEAR FUTURE, BUT IT WILL BE POSSIBLE AFTER SOME BOUNCE BACK RALLY. SO IF NIFTY SPOT GOES ON UPSIDE THEN USE THIS UP RALLY FOR SHORTS. NIFTY SPOT WILL BE POSITIVE IF TRADES ABOVE 5151. BUT HEAVY SHORT POSITIONS HAS CREATED BY FIIs IN NIFTY FUTURE IN NOV SERIES RS. -3723.30 CR @ 5187.95. SO NIFTY SPOT IS NOT LOOKING ABOVE 5200 IN ANY CASE IN NOV SERIES. MAXIMUM UPSIDE RALLY IS EXPECTED TO 5075 - 5120. SO BE CAUTIOUS.....PLEASE DON'T BELIEVE IN ANY BOUNCE BACK AS TO TAKE FRESH LONG.
SUPPORT :- 4752.23, 4598.66, 4360.33
BREAK - EVEN POINT :- 4990.56
MARKET OUTLOOK :- POSITIVE IF MAINTAINS ABOVE 4990.56
NIFTY HAS MADE THE AGAIN NEW LOW IN LAST TRADING SESSION OF THE WEEK FROM 14 NOV 2011 TO 15 NOV 2011 @ 4837.95. IT HAD SAID THAT SOME SHORT COVERING IS EXPECTED IS FROM 4811 - 4870, YESTERDAY ON 18 NOV 2011 NIFTY SPOT MADE THE LOW @ 4837.95 AND DID BOUNCE BACK FROM THIS LEVEL AND FINALLY CLOSED NEAR THE DAYS HIGH @ 4905.80, DAYS HIGH @ 4915.90. BUT IT HAD ALSO SAID THAT NIFTY SPOT HAS MONTHLY SUPPORT OF NOV SERIES @ 4903.63 AND NIFTY SPOT HAS BROKEN THIS SUPPORT, SO NIFTY SPOT CAN TOUCH UP TO 4600 IN THE NEAR FUTURE, BUT IT WILL BE POSSIBLE AFTER SOME BOUNCE BACK RALLY. SO IF NIFTY SPOT GOES ON UPSIDE THEN USE THIS UP RALLY FOR SHORTS. NIFTY SPOT WILL BE POSITIVE IF TRADES ABOVE 5151. BUT HEAVY SHORT POSITIONS HAS CREATED BY FIIs IN NIFTY FUTURE IN NOV SERIES RS. -3723.30 CR @ 5187.95. SO NIFTY SPOT IS NOT LOOKING ABOVE 5200 IN ANY CASE IN NOV SERIES. MAXIMUM UPSIDE RALLY IS EXPECTED TO 5075 - 5120. SO BE CAUTIOUS.....PLEASE DON'T BELIEVE IN ANY BOUNCE BACK AS TO TAKE FRESH LONG.
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