Sharemarket prediction for 24.11.09

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Share market predictions for 24.11.09

 

 

 

Resistance 5125, 5150, 5190, 5210

 

Supports 5090, 5065, 5030, 5005

 

 

 

Tomorrow, 24.11.09, Venus, Mangal, Surya will play an important role in the

share market. Surya & Mangal are friends but Venus not, hence there will not

be any coordination between the three. With Venus not coordinating with

Surya, Mangal and the day & mind belonging to Mangal but fate with Surya and

Surya being the King will not like to work under anyone, hence all three

will have their own way.

 

 

 

This will disturb the market. Tomorrow market will lack direction.

Volatility will be very high. There will be aggression, but with total

confusion.

 

 

 

Hence the market will be very weak. After a soft start, market will correct

and will also be very volatile. One can short intraday, and shorts can also

be carried over the next day as market on Wednesdays will also be confused &

lack direction.

 

 

 

Shorts should be covered at Nifty 5000 levels as that is a very strong

support zone. If this level is broken then 4950 is a strong support zone.

But market will certainly rise from 4950-5000 levels.

 

As indicated long back, this market will rise slowly & gradually in a range.

The current range is 5100-4950. Once 5100 is broken then the range will be

5200-5000.

 

 

 

 

 

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