11/10/2009

NIFTY

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TODAY SELL NIFTY AROUND 4862-4930 FOR A TARGET1-4895, TARGET2- 4865 keep SL-4975

TODAY BUY NIFTY AROUND 4834-4867 FOR A TARGET1-4900, TARGET2- 4935 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

Yesterday NIFTY crosses SYNTHETIC retracement level 4875-4890, if it holds 4875 today then 4993 not ruled out

Major TREND resistance comes around 4951 & GANN's resistance around 4972

Yesterday 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 TREND CHART

NIFTY SYNTHETIC CHART

70.7% COMES AROUND 4993. ABOVE 5000 LEVEL, BULLS WILL HAVE UPPERHAND

NIFTY SWING CHART

In swing chart, there are two possibility,

  1. If NIFTY crosses & holds 4970 level then NIFTY target 5350-5800
  2. If NIFTY not crosses 4970 then NIFTY target 4550-4300

NIFTY GANN'S CHART

NIFTY PIVOT TABLE

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All the content mentioned in this blog is my personal journal and should not be taken as a trading advice. Please use the content purely for learning purposes. I may or may not be holding any positions in the stocks/contracts under discussion. I will not be responsible for your profits or losses