NIFTY

Some interesting retracement levels given below. Hope it will be useful.

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TODAY SELL NIFTY AROUND 4835-4815 FOR A TARGET1-4790, TARGET2- 4765 keep SL-4860

TODAY BUY NIFTY AROUND 4756-4776 FOR A TARGET1-4800, TARGET2- 4820 keep SL-4730

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

BEST STRATEGY FOR NOVEMBER

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

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TODAY

Go SHORT with SL 4900 (i feel NIFTY will reverse around 4875-4890 level)

Using SYNTHETIC retracement above 4875-4890 BULLS will have upper hand with target 4990

If NIFTY not able to cross 4826 level then BEARS will have upper hand with target 4690

Below 4690 NIFTY will touch 4538 level

Is NIFTY heading towards 6700 or 3100 by next diwali?? (for more details see my VERTICAL synthetic retracement chart)

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

NIFTY GANN'S CHART

NIFTY TREND CHART

Here you go - first one

VERTICAL SYNTHETIC RETRACEMENT - MID-TERM

Vertical Synthetic Retracement

When compared to Traditional Fibonacci Retracement levels, a little additional information gained using √2 and √5 and Circle retracement levels .

The retracements themselves so far in this experiment have about the same success rate as traditional retracements, but draw attention to the success of the 23.6% retracement, which appears in both Traditional Fibonacci Retracement studies and in 'synthetic' test.

Most important ratio's in synthetic test is

1. 1:√2 = 1/√2 = 0.707 = 70.7%
2. 1:√5 = 1/√5 = 0.447 = 44.7% ( Major support levels exists between 41.4% - 44.7%)
3. Circle retracement = Volume of sphere (with r=0.5) = 4/3∏r^3 = 0.523 (1:0.523) = 91.1% (consider 52.3% also)

VERTICAL SYNTHETIC RETRACEMENT - LONG-TERM

In the Long-term, NIFTY retraced around 70.7% (both in UP & DOWN trend) & already trend has reversed.

Is NIFTY now target 3111 or below 2258 level?? or

NIFTY is heading higher to 6700++??

(I feel as we have lot of GAPS in the chart, we may go lower to 2258 unless 5000 not holds)

VERTICAL SYNTHETIC RETRACEMENT - SHORT-TERM

Here is the another one.

Neo-platonic Retracement

Neo-platonic retracement is being concentrated for under 50% level.

Here 9.9%, 14.8%, 16.7%, 22.2%, 29.6%, 37.5% are considered as retracement levels.

NIFTY already took SUPPORT(twice) from these retracement levels

NIFTY PIVOT TABLE

IS THAT USEFUL?