Nifty Cash Outlooks : 5033 | Date : 16TH DEC 2009

Technical Analysis For The Date :  16TH DEC 2009

Nifty Cash Outlooks : 5033

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 achieved @ 131% of wave 'a. It is strong wave' b. After completion of wave' b , 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 pattern will be 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 wave. If we assume 5182 is top of wave 'b then wave 'c  downside will have to minimum 38.2% of wave 'b(@ 4150-4200). Perspective about wave may change above 5182.

Trading Strategies: Global cues  is that  HANG SANG ,NIKKI ,ALL ASIAN MARKETS are in RED. So NIFTY likely open flat. Weekly and Medium term Investors & Traders: AS market looks some uncertain movement in medium term and we conclude as per Elliott wave that market will  likely to correct in medium term. SL for medium term investors is at 4850.   Daily Traders: For Long, Buy only if market move above 5100 level. For short, hold with SL 5090, NIFTY can be drops to 4945.

Mechanical Levels For NIFTY CASH:   SUP 3 SUP 2 SUP 1 KEY REV RES 1 RES 2 RES 3 4865 4910 4975 5095 UP 5090 5135 5195

Mechanical Levels for MOST ACTIVE SCRIPTS  CASH LEVEL:   SCRIPT CLOSE TREND CHANGE IF S3 S2 S1 R1 R2 R3 AXIS BANK 959 995 UP 904 915 934 984 1000 1015 DLF 381 374 DOWN 356 363 374 390 397 403 HDIL 339 337 DOWN 322 326 331 346 355 361 INFOSYS 2506 2465 DOWN 2450 2465 2490 2525 2540 2570 ICICI BNK 825 850 UP 775 801 808 842 855 865 RELIANCE 1051 1085 UP 1005 1015 1035 1068 1086 1099 SBI 2180 2220 UP 2050 2101 2135 2225 2260 2280 TISCO 546 562 UP 521 526 535 555 565 578 TELCO 688 700 UP 645 655 670 705 718 726 YES BANK 248 253 UP 232 235 243 252 258 263

Positional Calls : NO CALLS.

Future & Options Calls: NO CALLS. PREVIOUS DAYS OUTLOOKS: 09/12/09      10/12/09       11/12/09       14/12/09      15/12/09

Wednesday, December 16, 2009 08:59:17 AM We give Updated Premium Calls & Detail Analysis more then this to Our Paid Members via SMS , intraday Login and Via Live Chats.

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