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BEST STRATEGY FOR NOVEMBER
GO SHORT AROUND 4880-4980 LEVEL WITH SL-5020 (modify SL to 5060) (TARGET4600-4500)
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TODAY
"I AM EXPECTING A FALL OF 100 - 120 points today"
HONEY MOON / DEAD CAT BOUNCE over in NIFTY (SL for SHORTS 5060)
As mentioned yesterday, NIFTY will REVERSE the existing trend around 4993 level (70.7% retracement level). NIFTY need to confirm the down-trend by closing below 4920 level(today).
"I FEEL NIFTY WILL REVERSE FROM HERE" (as mentioned yesterday)
NIFTY TREND CHANNEL RESISTANCE @ 4982
Major TREND (resistance (weekly) comes around 5010
for the last four days NIFTY closed over 34EMA level, not good for BEARS (if hold till this week then BULLS will have UPPER HAND)
BEFORE EXPIRY NIFTY WILL GO AROUND 4600-4400 level
TODAY SELL NIFTY AROUND 5002-4977 FOR A TARGET1-4950, TARGET2- 4920
TODAY BUY NIFTY AROUND 4903-4928 FOR A TARGET1-4950, TARGET2- 5050
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NIFTY SYNTHETIC RETRACEMENT CHART
NIFTY PIVOT TABLE
Sir,
ReplyDeleteWonder full analysis. Will it possible to give a detailed write up on neo platonic, and synthetic retracement, gann astrological angles etc for the benefit of blog viewers Is there any e learning materials is there on the web and if so the links pl.Thanks
Sundaribala
Bala,
ReplyDeleteI briefed about the SYNTHETIC & NEO-PLATONIC Retracement on 9th November 20009. Here is the link for your reference.
http://gurunifty.blogspot.com/2009/11/nifty_09.html
Sir,
ReplyDeletePerhaps you might have seen my comments on that date itself. As I want to know the basis&theory of this retracement and how you are linking this to stock market.As I have not come across this in any other stock market analysis except in your I am very curious. Is it possible in your useful links to put some software like GNAN software,charts identifying pattern for the benefit of readers. Hates off your marvelous analysis. Please include my mail id in your google talk.Further in your analysis if you could include the volume also .Anther thing I want to know how overbought /oversold levels are being arrived for week/monthly/daily levels(source advanced charts). Is there any formula for this purpose
Thanks