mkt ahead 04th jan 2010...

welcome into the new year 2010!!!

welcome to the new trade timings as well starting 9.00 a.m from today.

after bouncing on last tuesday nifty continued its upward journey and achieved brkout closing above the imp 5182/5183 lvl(refer previous posts).

nifty has also moved to its intraday tgt 5220/5230, it has intraday support near 5160, there is currently no intraday bearishness but if the mkt undergoes intraday profit booking on monday and breaks below 5160 can move down upto 5130/5080.

on positional basis, staying above 5183 nifty has a chance to move initially to 5300/5388, above which in medium to intermediate term can tgt to 5545/5580. short term support 4943.

over intermediate to long term 4538, if held closing basis consistently, then a much larger tgt can be possible(lvl i won't mention right now).

aban could be headed to 1345-1375 if current short term upmove continues.

at any time if investors need to exit the mkt i would mention here or on the other blog http://eyesonthecash.blogspot.com. i have also added a delivery based stocks query box there for investors.