BULL'S GRIP

Nifty managed to close over 5182 and is now heading towards 5315 with jan NF support at 5152. Today's pivot is NF 5183 and strong over 5200 for target 5240 and support at 5168.

STILL TRADING IN BAND

Nifty after taking support at 4937 is now trading in band of 4997-64-32. Only close over 5025 will make the bulls comfortable whereas break of 4935 can take it to 4860. Today's pivot is nf 4985 with resistance at 5005-5015 and support at 4972-4960. Weak below 4952.

DOWNTREND CONTINUES

Nifty hurdle now will be 5084... Today's pivot is NF 5035 with support in the zone of 4997-4964-4932. Gap down expected today and will remain weak as long as it trades below 5025.

BREAK DOWN

Nifty after trading in range, finally gave up. Today's support is NF4988-4963 with resistance at 5054-5080. Watch sensex 16716 for support

STUCK IN RANGE

Pivot for today is NF 5121 with resistance at 5145-5162 and support at 5081-5060. Weak below 5096 and strong over 5123.

MULTIPLE TOPS

Nifty has made multiple Tops and bottoms (5180-5160-------5080-5050). Pivot for today is NF 5127 with support and resistance as per the range. It has to break out either side ....

STRUGGLING FOR BREAK OUT

Inspite of weak Asia, Indian markets have been able to keep their bullishness. Nifty has made a 'Head & shoulder' pattern for target of 5265 as long as 5084 holds. Today's pivot is NF 5122 with target 5148 and resistance 5167... break out over 5167 for 5206-5228. Support below lies around 5110-5091.

CONSOLIDATION WITH VOLATILITY

Nifty has been trading in the range since 4-5 days with buying at lower levels and selling higher. Today's pivot is NF 5122 with support around 5100-5079 and resistance at 5138-5162. Strong break out only over 5162.

LACK OF BUYING CONVICTION

Nifty touched the previous top and reacted strongly from there. Today's pivot is NF 5143 with support at 5101-5088. Weak below 5120 and break of 5080 can take it to 5048. With Asian Markets being weak, expect nifty to trade below the pivot.

STILL MORE TO GO

Nifty made its first signature by crossing previous high of 5138.. though this remains a supply zone. Upward movement will be a struggle here unless some external factor supports... . Today's pivot is NF 5125 with support at 5103-5088 and resistance at 5143-5171.... If crosses 5172 with volumes, then it can target monthly resistance.

BREAKOUT

Nifty gave a break out yesterday in early hours of trade by trading over 5061-68... with 1st monthly resistance in range of NF 5197-5269. Today's pivot is NF 5105 with resistance 5156-5182 and support 5082-5072.

MONTHLY TECHNICALS

Nifty managed to close around 1st Resistance level of November showing some strength as well indicating range bound trading. Pivot for m/o of December is NF 4901 with bullishness over 5086 and bearish below 4974...... more when the range gets broken.
Expect range bound trading today with resistance in the range of NF 5046-5068 and support around 5000-4978 ....pivot being the yesterday's close. ... bullish only over 5061 and bearish below 5002.