POST MARKET REPORT(19-01-10)

1. I CLEARLY WROTE WHERE TO GO LONG & FROM WHERE SHORT,U JUST SAW IT.AGAIN NIFTY FAILED TO CROSS IMPORTANT MARK OF 5280-90 BAND.SHARP SELL HAS BEEN SEEN IN LAST ONE HOUR OR SO.SO 5290 LEVEL IS NOT GAINING MUCH OF THE CONFIDENCE AMONG TRADERS.
2. LIKE DEC. WHERE NIFTY RANGED BETWEEN 5050-5181,GAINED MOMENTUM AFTER HITIING TO 5181 TO MORE THEN ONCE.THEN BREACHED AT THE END OF THE LAST YEAR.SAME SCENARIO IS MIRRORED IN THIS SERIES.NOW NIFTY RANGE IN 5175-5190.SO ONE CAN EXPECT TO WASH ALL THOSE WEAKER HANDS THAT SHOULD BE ELIMINATED BEFORE RALLY TOWARDS 5350+.
3. THIS IS NOT A DOWN PRESSURE OR U CAN IMAGINE AS CORRECTION,BUT IT IS A CONSOLIDATING PERIOD,PREPARING ITS PATH FOR BREAKOUT . EVERY DECLINE TOWARDS 5180-5200 BAND SHOULD BE UTILISED TO GET GOOD GAIN IN PERSISTANT VOLATILE ZONE
4. WITH EARNING SEASON DATA COMING TO AN END ALONG WITH ROLL-OVER PAIN,SHOULD EXPECT NIFTY RANGE BEWEEN 5200-5300.I FEEL IT WILL GAIN GOOD MOMENTUM AS EXPIRY COMES CLOSER.