NIFTY CHART FOR WEEK 27/06/2011

Nifty chart

Nifty CMP: 5262

3 -H-MA-5285

3 -L-MA-5219

3 -C-MA-5246

My position: short with sl of 5285 levels closing basis.

Pivot table

Pivot point-5271
R1-5322
R2-5382
S1-5211
S2-5160

Nifty chart

Market in consolidation mode.As we said already move past 5260 levels is positive,while move below 5210 is negative then down trend may resume.

Nifty CMP: 5242

3 -H-MA-5267

3 -L-MA-5199

3 -C-MA-5226

My position: short with sl of 5267 levels closing basis.

Pivot table

Pivot point-5246
R1-5262
R2-5282
S1-5226
S2-5210

Nifty consolidating at current levels

Nifty CMP: 5235

3 -H-MA-5273

3 -L-MA-5202

3 -C-MA-5231

My position: short with sl of 5273 levels closing basis.

Pivot table

Pivot point-5234
R1-5259
R2-5283
S1-5210
S2-5185