Supports @ 6050-5960
Resistances @ 6202-6330
Strong/Weak Above/Below 6050
3 Weeks Back, We Said Strong Support @ 5750-5690. If Holds then Target 5950 and then 6050. Last Week, we said If Nifty Spot Closes Above 6050, then Target 6137-6202 and Nifty Hit @ 6147. Now Nifty Bullish Above 6050 Spot Level. In this uptrend Nifty will face next hurdle @ 6175-6202 and then Big Resistance @ 6330-6357. Hence, It's time to Hold All longs with trailing Sl. Trend will turn bearish only if closes below 6,000. We are long since 5770 levels as per our views too which we mentioned in last few weeks.
We, Wish you a Very happy New Year 2011. May next brings lots of Happiness and Wealth to all of you.
" Trade with Levels not with Hope "
Regards,
www.equityahead.com
www.equityahead.net
www.equityahead.in
