Nifty views for markets from tomorrow(20/05/2010)

Dear All,

       As per clear illustration of my blog, Nifty has broken its strong support 5003 for last 2-3 trading secisions & technical chart of nifty is also week. From here we may expect 4800 levels. The global indicated plays a major role in the travel path of our Nifty levels. On the recent day global indicates such as DOW, NASDAQ, HANGSENG, NIKKEI are playing majour roles to bring our Nifty levels to 4800 to 4600.

People have started talking, by seeing todays market that Nifty may come down to 4400 levels.
What about the supports in between?
      People always immedietely think that if we have a sudden fall of 100 to 150 points in Nifty or 300 to 500 points in Sensex, all become technical analysist giving our own views & levels. But our market has its various & strong at 4871/4816/4763/4706/4645 according to me. I may max expect Nifty till 4581 accordingly.

I request all my blog followers to follow strict SL at various supports as mentioned above. These levels are taken to my market knowledge on the technical that i have experienced. I thank each an every body who follow & support me to guide all known & unknow out of my blog.

Thanks & Regards,
R.Venkadesh