Nifty Cash Outlooks : 5090 | Date : 25th NOV 2009

Nifty Cash Outlooks : 5090

Waves Outlooks Large  Medium Term Pattern Unfold : Complex Double combination corrective pattern  is forming. wave 'b is ON, Likely to form FLAT formation. Till now wave' b has achieved @ 131% of wave 'a. It is strong wave' b. After wave' b complete, wave' c will start downside the minimum correction is 38.2% of Wave 'b. Conclusion is that wave' c will be failure one and will not retrace all the wave' b. Our bearish zone will over there. New impulsion of major bull phase will start till 2016.

Small Term Internal Patterns: Here we will not discuss about small pattern inside major wave 'b. Conclusion is that small wave upside started at 4538 is strong wave. Which is subdivided. Target is above 5182 minimum or can up to 5330. Perspective about wave may change below 4640.

Trading Strategies: Yesterday, Market is goes DOWNSIDE nearly 13 points. Weekly Investors & Traders: Who hold the long position. Rising SL is at 4970. Daily Traders: For Long, hold NIFTY with rising SL 5030. For short, stay away for sometime.

Mechanical Levels For Nifty Cash:   SUP 3 SUP 2 SUP 1 KEY REV RES 1 RES 2 RES 3 5000 5025 5060 5030 DOWN 5125 5155 5180

Mechanical Levels for MOST ACTIVE SCRIPTS :   SCRIPT CLOSE KEY REV S3 S2 S1 R1 R2 R3 RELIANCE 2176 2135 DOWN 2095 2116 2149 2205 2235 2255 SBI 2304 2285 DOWN 2225 2260 2275 2330 2360 2385 TISCO 557 570 UP 531 536 545 569 578 590

Positional Calls : COMPACT DISC(64.85):Buy with SL 62.Target is at 72 & 78.(One Week call) ESSEL PROP(42.45): Breakout script. Buy with SL 41.Target is at 46 & 48.(Intraday Call) GUJ NRE(67.4): Breakout!!!!!  Buy with SL 65.Target is at 72 & 75 .(Intraday Call) PRAKASH IND(151.5): Buy with SL 146.Target is at 162 & 178.(Two Week Call)

Future & Options Calls : AXIS BANK(999): Buy with SL 987.Target is at 1025 & 1035.(Intraday Call) BAJAJ HIND(212.95): Buy with SL 208.Target is at 221 & 226.(Intraday Call) FSL(37): Buy with SL 35.Target is at 44 & 52.(Two Week Call)

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Disclosers: We or Our Clients may have some position in above calls.