Tuesday, September 7, 2010

NIFTY SEP 7 EOD REPORT

AFTER HUGE RESISTANCE LEVEL OF 5550 LEVEL BROKEN NIFTY FEELS COMFORTABLE AND STAYS ABOVE 5600 LEVEL
AS PER EOD SPOT 5604 FUTURE: 5585

GOOD GLOBAL CUES FOLLOWED BY STRONG SUPPORT FROM METAL INDEX IS LAST 2 DAYS HELPED MOST TO REACH "5600" MARK

AS PER DATA'S : BULLS COVER 5500 LEVEL TOO HUGE PUT WRITTEN AROUND 5500 LEVEL AND BEAR LOST HOPE 5600 LEVEL TOO TEMPORARILY SUBDUED

AS PER TECHNICAL LEVELS : DAY'S HIGH OF 5626 LEVEL WILL BE RESISTANCE AND 5600 WILL DIS COMFORTABLE LEVEL FOR NIFTY .
OVER ALL CHART IS INDICATING SELL ONLY BUT NO MATTER NIFTY IS NOT GIVING UP!!!. MARKET LOOK LIKE BOOM MARKET BUT OVER ALL LET US LOOK OUT IN CAUTIOUS WAY
SUPPORT @ 5563-5520 IF BREAKS 5480 WILL BE GIGANTIC SUPPORT

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