Nse index for Friday,January22,2010NSE index will face first resistance at 5133(Ist RES.) and the second 5163. Our recommended trade zone 5163-5133,trade zone means major trading area.
NSE index High 5220.20,Low 5085.45,Close 5094.15 on 21/01/10(yesterday).
As resistance predicted by us in our earlier post, market could not break our resistance and market has dragged.
If market shows a closing above 5163 then only we suggest you buy .
Today supports for market are 5083,5045,5030,4998. As we feel Indian economy is growing and intact,nothing is wrong with that. So there is no need to panic if you are long term investors
In my view Thursday,January21,2010NSE index will face first resistance at 5228 (Ist RES.) may not cross and the second 5247. Our trade zone 5234-5215,trade zone means major trading area.
Intra day supports are 5187 and 5171 .
In January 2010 We don't think market will cross 5300-5333 area .Today fresh buying persist only closing above 5247.
If market close below 5240 then nifty can touch 5187 this is the major support to NSE
In our suggestion don't buy put and call . If you want to make a profit then sell calls at resistance.