WISH
YOU ALL HAPPY NEW YEAR 2010
REVIEW ON MY PREVIOUS
LEVELS
Yesterday mentioned, if
breaks 5161-5144 then NIFTY will
kiss 5115-5108 level (Nifty not able to break 5161 decisively &
hits 5160)
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"MONTHLY
CLOSE (ie TODAY'S CLOSE) ABOVE 5154 WILL BE HIGHLY BULLISH - WATCH
CAREFULLY"
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TODAY'S VIEW
"Today go SHORT with SL-5200, TARGET-5108-5085"
Note: "Camarilla monthly U-turn also made on tuesday @ 5197 targeting 5085(minimum) should happen
today"
If market fall
heavily, U-TURN LEVEL exists @ 5045
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TODAY SELL NIFTY AROUND 5190-5179 FOR
A TARGET1-5170, TARGET2- 5154 keep SL-5215
TODAY BUY NIFTY AROUND 5149-5159 FOR
A TARGET1-5170, TARGET2- 5182 keep SL-5140
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
On tuesday U-TURN taken @ SYNTHETIC(short-term chart) 70.7%
LEVEL @ 5209.
If not crosses tuesday's
high then a fall till 5115-5108 not
ruled out (Go short only below 5161-5144 levels)
BEARS & BULLS
LEVEL WILL REMAIN SAME AS YESTERDAY'S LEVEL
BEARS
LEVEL
If breaks 5161-5144 then non-stop slide
till 5115-5108 not ruled
out
If breaks 5108-5086 then non-stop
slide till 5045
NEO-PLATONIC support @ 5161 &
5144
Synthetic levels indicate
above 5210-5229 unexpected buying will
take up to 5289 (minor resistance) &
further upto 5311 &
5398
Synthetic(swing) retracement
& U-TURN levels @ 5311 &
5514 (long-term)
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NIFTY SYNTHETIC(DAILY) CHART
NIFTY TREND CHART
NIFTY SWING CHART
NIFTY PIVOT TABLE
REVIEW ON MY PREVIOUS LEVELS
Yesterday mentioned, if crosses 5210-5229 then NIFTY will kiss 5289 level (Nifty not able to cross5229 & hits 5214)
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TODAY'S VIEW
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TODAY SELL NIFTY AROUND 5210-5198 FOR A TARGET1-5188, TARGET2- 5174 keep SL-5230
TODAY BUY NIFTY AROUND 5165-5177 FOR A TARGET1-5188, TARGET2- 5200 keep SL-5150
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Yesterday U-TURN taken @ SYNTHETIC(short-term chart) 70.7% LEVEL @ 5209.
If not crosses yesterday high then a fall till 5115-5108 not ruled out (Go short only below 5161-5144 levels)
BEARS LEVEL
If breaks 5161-5144 then non-stop slide till 5115-5108 not ruled out
If breaks 5108-5086 then non-stop slide till 5045
NEO-PLATONIC support @ 5161 & 5144
Synthetic levels indicate above 5210-5229 unexpected buying will take up to 5289 (minor resistance) & further upto 5311 & 5398
Synthetic(swing) retracement & U-TURN levels @ 5311 & 5514 (long-term)
GANN'S resistance @ 5126
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NIFTY SYNTHETIC(DAILY) CHART
NIFTY NEO-PLATONIC CHART
NIFTY GANN'S CHART
NIFTY PIVOT TABLE
REVIEW ON MY PREVIOUS LEVELS
Friday mentioned, if crosses 5150 then NIFTY will kiss 5182-5208 level (Nifty hits 5197)
.
Thursday mentioned, " Be careful in shorts", see what happened(200 points UP in a two session)?
What else you want? To be a successful trader - "Trade only with Synthetic & Neo-platonic retracement levels"
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
EXPECTED FUTURE LEVELS
Major fall may happen in any of these U-TURN levels @ 5154, 5311 & 5514 (now we crossed 5154, so watch for other two levels & expect a BIG-FALL)
"NIFTY NEED TO HOLD 5154 LEVEL FOR UP MOVE TO CONTINUE"
Ascending triangle break-out happened on friday, which targets 5421
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TODAY'S VIEW
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TODAY SELL NIFTY AROUND 5216-5197 FOR A TARGET1-5180, TARGET2- 5150 keep SL-5240
TODAY BUY NIFTY AROUND 5140-5160 FOR A TARGET1-5180, TARGET2- 5208 keep SL-5122
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BEARS LEVEL
If breaks 5122 then non-stop slide till 5092-5085
If breaks 5085 then non-stop slide till 5061(minor support)& further up to 5018
NEO-PLATONIC support @ 5141 & 5122
Synthetic levels indicate above 5210-5229 unexpected buying will take up to 5289 (minor resistance) & further upto 5311 & 5398
Synthetic(swing) retracement & U-TURN levels @ 5311 & 5514 (long-term)
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NIFTY SYNTHETIC(MONTHLY) CHART
NIFTY SYNTHETIC(WEEKLY) CHART
NIFTY SYNTHETIC(DAILY) CHART
NIFTY NEO-PLATONIC CHART
NIFTY TREND CHART
NIFTY PITCH-FORK CHART
NIFTY SWING CHART
NIFTY PIVOT TABLE
Yesterday mentioned,
Above 4999 will take up to 5054-5110 (Nfty crossed even 5110 & kissed 5150)
Falling-wedge target given as 5130 (Nifty crossed & kissed 5150)
Also mentioned, " Be careful in shorts", see what happened(160 points UP move in a single session)?
What else you want? To be a successful trader - "Trade only with Synthetic & Neo-platonic retracement levels"
Today's view
If crosses yesterday's high 5150 then NIFTY will kiss will take up to 5182-5208 level in minutes
If 5099 breaks level then panic selling will take up to 5054
U-turn level(long-term)@ 5155 (monthly & weekly close above this is highly BULLISH)
Watch 5208 level, it is synthetic U-TURN level for the existing UP move
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TODAY SELL NIFTY AROUND 5188-5232 FOR A TARGET1-5144, TARGET2- 5099 keep SL-5240
TODAY BUY NIFTY AROUND 5055-5100 FOR A TARGET1-5144, TARGET2- 5208 keep SL-5040
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NIFTY SYNTHETIC(LONG-TERM) CHART
NIFTY SYNTHETIC(SHORT-TERM) CHART
NIFTY TREND CHART
NIFTY PIVOT TABLE
Yesterday mentioned,
Above 4999 will take up to 5024-5039 (But nifty not able to cross 4999 & finally hits 4997)
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Today's view
As mentioned, Nifty has taken a U-TURN exactly on synthetic 70.7% level(4948 level). Now if NIFTY not breaking monday's low 4944 then NIFTY targets 5054-5110-5208 level
If crosses yesterday's high 4997 level will take up to 5027-5054 level.
If crosses 5054 then more upside expected & non-stop rally till 5099-5110
If 4944 breaks level then panic selling will take up to 4908-4880 not ruled out
-BE CAREFUL IN SHORTS- NIFTY falling wedge(in trend chart) target 5044-5130
Neo-platonic support @ 4948 (major); GANN'S RESISTANCE @ 5014 & 5044 (could be today's high level)
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TODAY SELL NIFTY AROUND 5010-4997 FOR A TARGET1-4985, TARGET2- 4970 keep SL-5025
TODAY BUY NIFTY AROUND 4961-4973 FOR A TARGET1-4985, TARGET2- 4995 keep SL-4945
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NIFTY SYNTHETIC CHART
NIFTY TREND(MID-TERM) CHART
NIFTY TREND(LONG-TERM) CHART
NIFTY PIVOT TABLE
DISCLAIMER
All the content mentioned in this blog is my personal journal and should not be taken as a trading advice. Please use the content purely for learning purposes. I may or may not be holding any positions in the stocks/contracts under discussion. I will not be responsible for your profits or losses
