Nifty view for December 8th 2009

Dear viewers,

What a great fall in nifty from 5135 to 5050. Finally nifty heading at 5066.70. Good support level for nifty spot.

Today is 8th day in December series.

What happend next? Nifty touch once again 5150 level? Yes, but before 5150, we might see 4950 level and below will be possible.

If nifty not trade above 5065 level, with volumes, then fall upto 5035 and 5005 level. Otherwise nifty trade above 5065 level with volumes, then quick trade will happend upto 5085 and 5102 levels.

If nifty breakout 5005, quick fall to 4980. One may chance to see 5005 level and below today. So beware from the market.

No more updates today.

Trade with care.

Watch the below levels

5005/5020   5065   5102/5127

PREMARKET CALLS:

Buy NIFTY FUT 5005-5020 sl 4985 targets 5050/5065

Sell NIFTY FUT 5065-5050 sl 5080 targets 5020/5005

Buy RIL above 1060 sl 1050 targets 1080/1100

Sell RIL below 1050 sl 1060 targets 1030/1010

Buy SBIN above 2320 sl 2310 targets 2340/2360

Sell SBIN below 2310 sl 2320 targets 2290/2270

Buy DLF above 370 sl 365 targets 380/385

Sell DLF below 365 sl 370 targets 355/350

LOGIN AND STAY IN OUR SHARING PLACE (HTTP://PRABHA6464.FREESHOUTBOX.NET/) FOR LIVE CALLS DURING MARKET SESSION.



Happy trading.