WEEKLY ANALYSIS (FROM 22/2/2010 TO 26/2/2010):
RES:4930-4973-5032
SUP:4805-4747-4675
NEXT WEEK BEING DERIVATIVE EXPIRY ON 25TH AND UNION BUDGET ON 26TH MAY MAKE NIFTY VERY VOLATILE IN RANGE OF 4747-4930,BREAK OF THESE LEVELS MAY GIVE FURTHER DIRECTION TO MKTS.
TILL NIFTY DOES NOT CLOSE BELOW 4777 IT IS IN SHORT TERM UPTREND AND IF IT DOES NOT BREAK 4747 AND MOVES ABV 4930 WITH VOL WILL FORM AN INV HEAD & SHOULDER PATTERN IN NIFTY DAILY CHARTS FOR TGTS OF 5150-5180 IN COMING DAYS POST BUDGET.

NS VIEWS (22/2/2010)
RES:4862-4884-4920
SUP:4820-4803-4777
TOMM NIFTY MAY OPEN FLAT & MAY TRADE IN 4820-4920 RANGE...BUY IF NS TRADE ABV 4862 OR IF NIFTY FALLS THEN BUY ANY DIPS NEAR 4820-4803 WITH SL 4777 FOR TGTS 4920
ANY CLOSE ABV 4871 MAY MAKE NIFTY LOOKS BULLISH FOR 4930-4973 IN COMING DAYS