MARKET VIEW FOR JAN-10

                          Dear all market seems to be little nervous. We already said support & resistance of nifty. In downside support 5968 & upside resistance 6046. Last two days nifty tested 5968. we already said that once nifty break this level bears will enter in to market.  See now lot of indicators shows bearish. Example EOD chart candle shows bearish engulf pattern, Parabolic stop & reverse (SAR) shows bearish signal, RSI falling,  etc....see the picture

  As usual FII's bought today also ...as usual DII's sold. As per open interest also nifty seems tobe little weak now. For long term perspective nifty bullish only But only short term little bearish. Please buy only closing above 6046. Upto that every upside is a chance for go short. with max sl 6050....Now every one expecting corporates Q3 earning. If results would come above the expectation then market may try to move up.
BANKINDIA   : Sell below 367 sl of 371 target
                        will be 362, 357
SUN TV         : Sell below 431 sl of 435 target
                        will be 425,421

PORTFOLIO ALERT

  We exited syndicate bank at 141. Please hold other stock.

                     Friday infosys Result So we are looking to do some good strategy in that.Interested please watch our site on market time. Anytime we will update here.

THANKS & REGARDS
      NSEBSENOW