Wednesday, December 15, 2010

UPDATES FOR DEC 16 2010

DEC 16 THURSDAY

TRADING LEVELS

NIFTY OUTLOOK

First Res is seen at 5915 levels

The major resistance seen at 5933 to 36 levels .

Support seen at 5871 / 68 .

Anothwe support seen at 5857.

Longs are advised only above 5915 to 5935 levels .

Weakness is seen below 5866 levels .

NIFTY SPOT

SUPPORT 1 5858 , SUPPORT 2 5823

RESISTANCE 1 5934 , RESISTANCE 2 5977

NIFTY DEC

SUPPORT 1 5861 , SUPPORT 2 5826

RESISTANCE 1 5942 , RESISTANCE 2 5990

BANK NIFTY

SUPPORT 1 11057 , SUPPORT 2 10898

RESISTANCE 1 11495 , RESISTANCE 2 11774

TRADING CALL

Buy Petronet on every decline

stop loss @ 117 / 118

Target 132 / 135 / 140 .