From last two days i am writing a fall over 200 points in NIFTY by this friday or next monday & before expiry it will touch 4690 level(as we are completing 55weeks from the october'2008 low (2258)). Will it happen today?
TODAY SELL NIFTY AROUND 5040-5014 FOR A TARGET1-4985, TARGET2- 4955 keep SL-5050
TODAY BUY NIFTY AROUND 4940-4965 FOR A TARGET1-4985, TARGET2- 5025 keep SL-4920
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"Now if NIFTY not crossing 5030 level then huge fall expected"
NIFTY MAJOR SUPPORT@ 4955 & 4915 (Neo-platonic support) & GANN'S SUPPORT @ 4928
"SELL ON EVERY RISE" (for all SHORTS SL-5040); TREND RESISTANCE @ 5030 (pitchfork)
MAJOR TREND RESISTANCE @ 5125
If 4955-4915 level breaks then NIFTY support zone @ 4850-4837-4796.
BEFORE EXPIRY NIFTY WILL GO AROUND 4700-4500 level (if our previous high 5182 not taken out)
NIFTY TREND CHART
Nifty channel top @ 5125
NIFTY VERTICAL SYNTHETIC RETRACEMENT CHART
NIFTY PITCH-FORK CHART
Nifty channel top @ 5030
NIFTY GANN'S CHART
NIFTY SWING CHART
NIFTY PIVOT TABLE
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