Nifty update for 14-01-2010

If Nifty sustain above 5240 then first target is 5265 and after minor correction if it sustain above 5253 then it may hit 5285. 5260-5270 is very important level because major pull back Nifty can witness at this level. Therefore be cautious.

If Nifty breaks 5227 and sustain below 5227 then 5195 again. Below 5195, Nifty may test 5147.

Nifty is bearish below 5250 but for tomorrow Nifty’s Pivot Point 5216 should be considered as a border line for bullish and bearish.

Please post your comment on my post.

Best of luck.