nifty views 3/12/12-7/12/12

Next week ns may trade broadly trade in small range of 5946-5814 range(.max range is 5990 ns next week)

O.I in nf increased by 8.5% with rise in nifty indicating built up of new long positions
addition in O.I in 5900pe was more than 12lakhs indicating pe writers are having advantage
nifty may consolidate next week  after sharp upmove to eat premium in options
also some cooling is required in hourly and daily charts to create some space so that nifty can make another round of upmove after some consolidation
in december series expecting nifty to target 6086 on higher side
strong supp are at 5814 and 5777
any close below 5777 will make nifty weak again till then its buy on every dip
slowly but steadily nifty will move on towards 6137 in january from where some meaningful correction of near 300 points may be expected
till budget ns may trgt 6250 levels

strategy for next week
:buy 50%nifty near 5840-45ns levels and more 50% near 5814 with sl below 5804
sell 50% nifty near 5918-24range and 50% near 5946 with sl abv 5967
trading range based on some fractals calculation are as below

3rd dec............5841-5924
4th dec            5815-5929
5th dec            5895-5945
6th dec            5848-5930
7th dec            5869-5946

hold longs on eod on friday as opening on 10th may again will be gapup

please take your own decision be4 trading on above views.i may be totally wrong also