Prediction for share market for 22.12.09

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Resistances 4964, 4985, 5020, 5040

Supports 4930, 4910, 4875, 4860

 

Tomorrow, 22.12.09, rahu, mangal & sani will play an

important role in the share market. The share market will be news driven,

volatile with sudden spurts of up and down movement in the share market.

Rahu in transit is debilated, it has the capability to

suddenly rise or fall and with the day beginning with rahu’s effect,

sudden volatility will be seen in the market.

 

Mangal will provide the requisite energy, but mangal in

retrogation will not be able to provide the positive support to the market.

Hence market on 22.12.09 will be news driven, very volatile, will also correct.

 

Technical view:

Nifty has broken the crucial support of 5030 and now has a second crucial

support at 4940.00. If this second crucial support is broken, then the next

support will be at 4806. Nifty is getting carried away by global clues and

global clues are not very positive. With Christmas Eve around, the markets

worldwide will be of lack luster hence volatility will be very high with wild

swings.

 

This current short correction will again give a buying

opportunity to market players. It is also very unlikely that nifty will hold on

to the support of 4940, but there is also a possibility in intraday, nifty will

give a sudden spike and then correct again. When this happens, the fall will be

more of a sudden nature. Then next support of 4806 will become more crucial.

The down trend will continue for some more time, till 24th.

 

 

HARESH(HARRY)NATHANI

VEDIC ASTROLOGER CELL

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