NIFTY EOD DATA AUGUST 24 2010

NIFTY CLOSED IN RED @ 5505 -38.5 POINTS SPOT & FUTURE 5508 - 28 POINTS

5500 IS PIVOT POINT AS OF NOW AS PER YESTERDAY DATA 5500 PUT OI SUPPORTED @ LOW LEVEL AND BROUGHT BACK NIFTY FROM DAY'S LOW OF 5480 TO 5508 LEVEL...

TODAY OPTION DATA INDICATING CAUTION OF DOWNSIDE RISK ... ANY HOW KINDLY FOLLOW WEEKLY TECHNICAL LEVELS WITH BELOW LEVELS FOR SAFE & PROFIT BASED TRADING ...

nifty graph showing weakness it will be more weak below

*********** 5488 & 5458 **************
if doesn't take any "u" turn around 5458 expect blood bath to 5409 n& 5378...

if it breaks & closes below 5358 then nifty will head towards death valley


regards

pearl kumar