Nifty outlook for week ending 14 Dec 12

last week it was predicted that
" Daily nifty chart is showing that nifty may consolidate at 5800- 5950 lvl next week "
http://www.dhanvarsha.in/2012/12/nifty-may-consolidate-at-5800-5950-lvl.html
and Nifty traded between 5838-5850 before closing at  5907 ... please have a look 

as per weekly chart  nifty ended making spindle top ...so we may expect further consolidation as per weekly nifty chart .
as per eod chart trend reversal is confirmed after 13 days of up move...

hanging man was warning which was confirmed by red bearish engulfing candle ...If profit booking will take place immediate support will be at 5710  20 ...if nifty will try to kiss its immediate high then we may see 5950 once again.
for next week we can expect  wider range for nifty from 5700-5960 ...
Premium call on nifty was 
kailash123p@yahoo.co.in (12/7/2012 9:31:01 AM): nifty Sell at / below: 5969 Targets: 5950 - 5931 - 5912 - 5893- 5863 Stoploss : 5982
and nifty traded  below stoploss ......

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