Wednesday, December 8, 2010

UPDATES FOR DEC 9 2010

DEC 9 THURSDAY

Nifty Updates

Nifty Spot : The first Res for Nifty is seen at 5931 and followed

by 5951 / 5954 .

Support is seen at 5883 / 79 .

After that supports are seen at 5857 / 5853 .

Fresh longs can be initiated only above 5931 and even

safer only above 5950 levels ,

Strict stop loss should be maintained .

Below 5850 looks weak .

Posiionally next support is seen at 5815 / 5772 .

NIFTY SPOT

SUPPORT 1 5868 , SUPPORT 2 5832

RESISTANCE 1 5949 , RESISTANCE 2 5995

NIFTY DEC

SUPPORT 1 5883 , SUPPORT 2 5843

RESIATANCE 1 5974 , RESISTANCE 2 6025

BANK NIFTY

SUPPORT 1 11408 , SUPPORT 2 11291

RESISTANCE 1 11688 , RESISTANCE 2 11851

BANK NIFTY

SUPPORT 1 11408 , SUPPORT 2 11291

RESISTANCE 1 11688 , RESISTANCE 2 11851 .