December 24, 2007

The Week Ahead.

We should rally to 5870 - 5900 levels and in all probability expect heavy profit booking .

The Chart pattern confirms negative divergence on the Nifty, though the indicators do not confirm a Intermediate sell mode.

We need a close above 6010 on the Nifty or any day to confirm bullishness .

We need a close below 5600 this weekend to confirm the bearish target of 5250 - 5300.

We are closed tomorrow and settlement on thursday. Volatility to be at its peak.

Trade the levels and in small lots if you must.

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