December 2009 prediction outlook Nifty Sensex Technical Analysis
Before Going Into The outlook For next month lets Check technical Data of Nifty Sensex as 29 Nov 2009
Nifty
Red line is 50 DMA Nifty
Green line is 100 DMA Nifty
CMP Nifty :4941.75
DMA 200:4138.56
MACD:34.74
ADX:16.22
RSI:47.68
CCI:-153.16
ATR:99.9
momentum:115.6
Sensex :16632
For Month of December Nifty is Showing Support at 4785,4675 Levels
And Resistance areas are 5020-5050 and 5180-5220 levels
But the most Important area is 4630-4680
as long as Nifty is Above these crucial levels ,We are in Bull Market .
Every Dip is buying opportunity
below these levels Sell everything and get out of market
But we wont think we will enter a phase of bear market now.Expect range of 4750-5250 in Nifty.So Buy near 4750-4800 and sell near 5200-5250 .And in Case of breakdown or breakout visit this site
you will get strategyaccording to need of Hour
til then
Happy Investing
Yours analysis is welcoming. Showing rays of hope on markets. 4900-5200 range is predicting by many. Your advise with 4680 level may be correct and may follow by investors.
Dear Sir,
It may be surprised to see the NIFTY level at 4680 as predicted by u, as in every decline below 5000 level, NIFTY is trying to come up at its 52 weeks resistance level of 5180. I feel that NIFTY is trying to cross the resistance level of 5180 during next week, and after about bit correction, it will sustain 5100 level back.
Dear Sir
Iam not Predicting 4680 level
My Submission was that we are in Bull market as long as above we are above this level of 4680.
This is the stop loss level for Bulls
hope i have clarified the point
well.. it’s like I knew!
I predict 4804 as the support level for nifty then we can move sideways 4800-5000 for one week.
Dear SANKARANARAYANA
I agree with you
This is the level Nifty must touch irrespective of fact whether bulls win or bears.
this is the level which Bulls also will target to trigger stop losses .