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Monday, December 29, 2008

Nifty view for 29December-2January

Last week Nifty followed our trend,and let all of you earn huge money from share market. Our motto of "ONLY ACCURACY HERE" intact even in ambiguous market movement. In the current scenario, the crucial level for nifty is 2740,if sustained and trade below this level,then we can see more down side in market till 2680-2530 levls,however there are few intermediate support levels. However if the support level is not breached then we can see nifty building its base in range 2680-2750. Nifty range for this week is 2740-2980,breakout on eitherside will lead to sharp movement.

Nifty levels for this week-
Resistance- 2880-2910-2950-3030-3170
Support- 2810-2775-2740-2680-2565
Nifty levels given above are major levels,however there are many intermediate levels also,which will be given if we are online during market hours.

Stocks for the week-
Union Bank
RPL
Patel engg
GVK Power

Note- Once the stock starts trading above your buying price, keep buying price as stoploss and thenafter keep trailing with stoploss for further targets!! This strategy will always yield profits for you.


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