NIFTY EOD REPORT AUGUST 19TH 2010

NIFTY SPOT : 5540 NIFTY FUTURE:5527

NIFTY FUTURE HITS "5550" MAGICAL MARK AND SETTLE AROUND 5527 LEVEL

KINDLY READ MY BELOW LINKS :

THIS WEEK NIFTY PROJECTION LINK
http://sharebeware.blogspot.com/2010/08/nifty-next-week-outlook.html



CLEARLY MENTIONED NEW HIGH IS POSSIBLE ONLY ABOVE "5488" NIFTY SPARKED AND HIT FRESH HIGH OF 5550 LEVEL .....

MONTHLY NIFTY PROJECTION LINK:

http://sharebeware.blogspot.com/2010/07/before-entering-in-next-month-nifty.html

CLEARLY MENTIONED MR.SMART WILL TRY TO KEEP NIFTY ABOVE 5400 OR 5500 LEVEL TILL 3RD WEEK ......

MY POSTING MIGHT BE SLIGHTLY BEARISH NOTE BUT I WROTE WITH TECHNICALS LEVEL
HEAD & SHOULDER FORMATION IN NIFTY BUT IT DID'NT BREAK THE NECK LINE OF 5400 LEVEL & ALSO OPEN INTEREST IN 1 CRORE QTY "5400"PUT OI HELPED NIFTY TO JUMP HARD FROM THERE..


OK OK ITS ALL OK WHAT NIFTY LOOKING FROM HERE NEW PEAK!? OR DEATH VALLEY!?

NEARING STRONG SELL RECOMMENDATION LEVEL

I.R TECHNICAL LEVELS: ABOVE 5441 & 5511 NIFTY WILL REMAIN BULLISH

ABOVE "5550" TRADE WITH HEAVY VOLUME NOTE DOWN THIS . ANOTHER NEW HIGH IS POSSIBLE...
BEAR CAN GO SHORT AROUND 5550 LEVEL WITH SAFE STOP LOSS AS NIFTY NEED SOME CORRECTION