Nifty Cash Outlooks : 5112 | Date : 10TH DEC 2009

Technical Analysis For The Date :  10TH DEC 2009

Nifty Cash Outlooks : 5112

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 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 has to minimum 38.2% of wave 'b(@ 4150-4200). Perspective about wave may change above 5182.

Trading Strategies: Global clue is that  HANG SANG ,NIKKI ,ALL ASIAN MARKETS is in sideway. So NIFTY likely open DOWN @15-20 points. Weekly and Medium term Investors & Traders: AS market looks some uncertain movement in medium term and we conclude as per Elliott wave that market is likely to correct in medium term. SL for medium term investors is at 4850.   Daily Traders: For Long, SL is at 5070. For short, Trend is weak below 5070, if falls below then it can be drops to 4945.

Mechanical Levels For NIFTY CASH:   SUP 3 SUP 2 SUP 1 KEY REV RES 1 RES 2 RES 3 5020 5045 5085 5070 DOWN 5140 5175 5200

Mechanical Levels for MOST ACTIVE SCRIPTS  CASH LEVEL:   SCRIPT CLOSE TREND CHANGE IF S3 S2 S1 R1 R2 R3 AXIS BANK 1016 1005 DOWN 975 985 1005 1030 1045 1055 DLF 383 371 DOWN 361 366 371 392 404 411 HDIL 344 338 DOWN 321 326 334 355 363 368 INFOSYS 2456 2415 DOWN 2390 2410 2435 2475 2505 2520 ICICI BNK 855 870 UP 827 834 846 865 872 883 RELIANCE 1072 1085 UP 1030 1051 1064 1080 1095 1125 SBI 2294 2280 DOWN 2245 2258 2275 2315 2340 2355 TISCO 545 562 UP 517 525 533 555 564 570 TELCO 719 704 DOWN 698 704 714 725 734 741 YES BANK 265 261 DOWN 248 254 261 268 273 276

Positional Calls : ALL SECOND LINE SOFTWARE SCRIPTS ARE  GOOD TO BUY. ASSAM CO(19.25): GOOD SCRIPT.....Buy with SL 18.Target is at 24 & 29.(ONE WEEK Call) CRANE SOFT(34.2):Buy with SL 32.Target is at 38 & 44.(ONE WEEK Call) DATAMETICS TECH(39.95): Buy with SL 38.Target is at 46 & 52.(4 days Call) ZENITHBIRLA(25): TECHNICAL BREAKOUT.....Buy with SL 23.Target is at 28 & 30.(INTRADAY Call)

Future & Options Calls: BHEL(2225):(LOT:150) Buy with SL 2200.Target is at 2280 & 2310.(INTRADAY Call) BIOCON(294.65):(LOT:1800) Buy with SL 288.Target is at 305 & 320.(ONE WEEK Call) IVRCLINFRA(382):(LOT:1000) Buy with SL 371.Target is at 397 & 402.(4 DAYS Call)     PREVIOUS DAYS OUTLOOKS:     03/12/09      04/12/09      07/12/09      08/12/09      09/12/09

Thursday, December 10, 2009 09:34:21 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.