Today @ 8.30 A.M. We Said Nifty Below 5735 Will Show Red Tag Lines & See Now From Its High Of 5715 To New Low Of 5634, Which Is Consider As (-81) Points Of Rally From Its Intraday High, There Are Plenty Of Reasons We Are Negative On Our Market, But Most Important Is The Resistance Level Of 5750, Which Is Not Able To Sustain More Then 1 Single Day, On 25-1-11 @ 11.35 A.M. Nifty Made A High Of 5796 & Just Within Hours It Came On 5750 Which is Very Crucial Level, The Level Of 5750 decides Where To Pass..... Below This Level It Will Create More Space To Breake 5700 Which Is a Sign Of Negative Trend & The Same Happend On That Day Nifty Gave Closing @ 5687, Now We Are Expecting A Downside Of 5600-5585 In Future If It Does Not Stands Above 5700 Mark,
Important: We Do Not Consider 1 Day Upside Rally As A Positive Trend In Our Market, It Has Many More To Do With It, 5700 & 5750 Is Most Important For Upside & 5650 & 5600 Is The Main Support.
