Nifty levels for 28.Jan 2010

 <<<4788.00>>><<<4816.00>>><<<4853.00>>><<<4912.00>>><<<4949.00>>><<<5008.00>>><<<5049.00>>>

These are crucial levels for nifty . Today we saw all the supports were broken in a sharp decline. but tomorrow we wont see like that but volatility wont be overruled as F&O settlement is there.Please read  http://dhanvarshagrp.blogspot.com/2010/01/how-to-trade-on-my-calls.html before entering your trades on these levels.Remember that every upper level works as  resistance level and lower one supports the price to drop below it .so at each level you will observe a pause in price move as bulls and bears have to conflict to penetrate each level . So observe it carefully in near future .Some times the price may stay for four to five hours to break a strong level .Further more you will see if bulls/ bears wont be able to break the level in two or three attempts, then they withdraw them from further attempting  and will return to protect there previous level .