Weekly Nifty Analysis for the week 29/11/2010-03/12/2010 :
After a crack of 600 Points in Nifty Fut from ALL time HIGH of 6351, Though its Time to be Cautious, Be Fearful when others are Greedy & BE Greedy When Ohters are Fearful.
Effect of LIC Housing Scam seems to be overdone on Sectors other than Banking & Realty.
SHARP BOUNCEBACK Can be witnessed if 5665 is held.
Nifty Fut will face stiff resistance at 5919-5936 levels crossing & sustaining above which, it may touch 6014 & 6109.
But, If fails to cross & sustain abv 5936, Will be in a trading range 5664-5936.
Strong support lies at 5665-5680.
Only if it breaks & closes below 5664, it may touch 5559 & 5486.
Be quick in your Trades as Movements are expected to be very spiky & Trade with Stricter SL. When in Profits, Either book Gains or Keep Trailing with a revised SL in order to maximize gains & reduce Risk Factor.
Regards, Team Market View Investments.
9987750901.
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