NIFTY NEXT WEEK PREVIEW!!! SEP 06-10

SEEMS TO BE NARROW = NIFTY

THIS WEEK NIFTY END UP 1.3 % up spot: 5479 future: 5481

according to data's bear's are strong in 5500 to 5600 level & bulls strongly building a huge support @ 5400-5300
so there will narrow ranged trade 40-80 points bond until major good or bad news occurs.
important thing in these kind of market lot of option premium being eaten by fii's and they make retail investors fell in Their trap by creating illusion...

technical levels:

charts indicating mild up trend combined with panic down trend but always bulls not giving chance in last 3 months because "someone" is keep on buying buying buying when everybody fears that "someone" will buy more when everybody rushing to buy that "someone" sells every thing

better follow levels to tackle this narrow trend !!!
nifty minor support : 5474& 5455 major support: 5399-5376 bears need a huge force to break this level if they done it then nifty will take huge nose dive...

nifty minor resistance: 5501-10 major resistance: 5551 bulls need dual power to break this resistance and if they did it they can take up to 5600 but hard to do so

over all sell @ 5520-5545 level stop loss 5560

and can buy @ 5400-5420 level stop loss 5360

regards

pearl kumar

i.e: this week dow & europe markets rallied 3.5% if they takes some rest then that might test our market