Nifty Cash Outlooks : 5134 | Date : 11TH DEC 2009

Technical Analysis For The Date :  11TH DEC 2009

Nifty Cash Outlooks : 5134

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 GREEN. So NIFTY likely open UP @40 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 5025 5065 5105 5070 DOWN 5165 5205 5235

Mechanical Levels for MOST ACTIVE SCRIPTS  CASH LEVEL:   SCRIPT CLOSE TREND CHANGE IF S3 S2 S1 R1 R2 R3 AXIS BANK 1021 1005 DOWN 978 991 1004 1036 1053 1065 DLF 386 374 DOWN 368 374 380 392 398 406 HDIL 348 338 DOWN 331 336 342 354 360 364 INFOSYS 2444 2415 DOWN 2381 2400 2424 2464 2490 2505 ICICI BNK 876 860 DOWN 838 846 861 893 906 914 RELIANCE 1071 1085 UP 1035 1048 1060 1080 1092 1100 SBI 2296 2280 DOWN 2210 2230 2265 2330 2360 2380 TISCO 548 562 UP 526 534 546 557 566 572 TELCO 713 704 DOWN 691 698 705 718 726 738 YES BANK 258 265 UP 241 247 253 263 268 274

Positional Calls : AMTEKIND(51.9): Buy with SL 50.Target is at 58 & 62.(ONE WEEK Call) CCI(23.25): Buy with SL 21.Target is at 27 & 32.(TWO WEEK Call) NOCIL(25.15): TECHNICAL BREAKOUT.....Buy with SL 23.Target is at 28 & 30.(ONE WEEK Call)

Future & Options Calls: ABAN(1253):(LOT:400) Buy with SL 1230.Target is at 1310 & 1430.(4 DAYS Call) CANARABANK(412.25):(LOT:800) Buy with SL 402.Target is at 427 & 435.(INTRADAY Call) DLF(387):(LOT:800) Buy with SL 381.Target is at 402 & 412.(4 DAYS Call)     PREVIOUS DAYS OUTLOOKS:     04/12/09      07/12/09      08/12/09      09/12/09      10/12/09

Friday, December 11, 2009 08:26:19 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.