11/11/2009

NIFTY - 11th November 2009

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TODAY SELL NIFTY AROUND 4930-4905 FOR A TARGET1-4880, TARGET2- 4845 keep SL-4945

TODAY BUY NIFTY AROUND 4834-4857 FOR A TARGET1-4890, TARGET2- 4915 keep SL-4810

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BEST STRATEGY FOR NOVEMBER

GO SHORT AROUND 4880-4980 LEVEL WITH SL-5020 (TARGET 4600-4500)

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TODAY

Square off all your SHORT around 4778-4755 (Vertical synthetic strong support level). Go SHORT again if NIFTY breaks 4730 level with volume.

Yesterday NIFTY touched the weekly camarilla level reversal level (4878), which indicates this week, there is a reversal till 4820 level (minimum). If NIFTY breaks 4847(monthly camarilla reversal level) then within this month it should touch 4755 level (minimum).

Major TREND resistance comes around 4955 & GANN's resistance around 4958 & support @ 4847

for the last two days NIFTY closed over 34EMA level, not good for BEARS (if hold till this week then BULLS will have UPPER HAND)

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NIFTY NEO-PLATONIC RETRACEMENT CHART

Today neo-platonic retracement level exists @ 4827 (support)

NIFTY SYNTHETIC RETRACEMENT CHART

Vertical synthetic retracement strong support level exist around 4778-4764

NIFTY TREND CHART

NIFTY GANN'S CHART

NIFTY PIVOT TABLE

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