Why Indian Market Stuck Within the Range Bound

FOR THE BETTER VIEW OF THIS GRAPH-DOUBLE CLICK ON TOP

The market is really stuck within a narrow range bound.The graph of nifty for the past five days shown above...shows the trading was really tussle between two walls up and down from 5082 to 5188.The real trading activity is limited Between 5094 to 5167..it was a kind of mood breaking /very shallow.it is not able to break up/down decisively with volumes..very sober trading Days.

My views for tomorrow i.e 15th Dec, the market may fall after a long stagnation..the bears may take charge of it...the advance tax report is going to come..something is hidden..there is a reasons-to make up.

NIFTY ON- 14/12/2009
HIGH-5156.70
LOW - 5090.15
CLOSE- 5105.70

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NIFTY FOR -15/12/2009
S 2-5050.95
S 1-5078.30
Pivot-5117.50
R 1-5144.85
R 2-5184.05
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' NIFTY ' 20 DAYS MOVING AVERAGE - 5081

KEEP STOPLOSS FOR ALL YOUR LONGS.

If the market 'open above the pivot just observe a while to identify the trend' of the market and also keep an eye and ear in the media news..than decide and jump to take a position accordingly.For short keep R1,R2 as stop loss.

for long keep yesterday low as a stoploss OR keep the 20days DMA As a SL .

WISH YOU A HAPPY TRADING.

'LET US MAKE ABUNDANCE WEALTH'