11/16/2009

NIFTY - 16th November 2009

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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

HONEY MOON / DEAD CAT BOUNCE over in NIFTY (SL for SHORTS 5060)

BELOW 4993 level (70.7% retracement level). NIFTY will kiss 4936-4910 level.

NIFTY TREND CHANNEL RESISTANCE @ 5042 & Major TREND support (weekly) comes around 4955

NIFTY closed over 34EMA level last week, not good for BEARS

BEFORE EXPIRY NIFTY WILL GO AROUND 4600-4400 level

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TODAY SELL NIFTY AROUND 5040-5018 FOR A TARGET1-4995, TARGET2- 4960 keep SL-5060

TODAY BUY NIFTY AROUND 4955-4978 FOR A TARGET1-5000, TARGET2- 5025 keep SL-4940

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NIFTY VERTICAL SYNTHETIC RETRACEMENT CHART

NIFTY TREND CHART

NIFTY SWING CHART

NIFTY GANN'S CHART

NIFTY NEO-PLATONIC CHART

NIFTY PIVOT TABLE

2 comments:

  1. your SL for nifty 5060 triggered. can i buy nifty now. or wait. any level ...ur guidance

    ReplyDelete
  2. Buy NIFTY for TARGET of 5150-5200 level

    ReplyDelete

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