NIFTY - 12th November 2009

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

TODAY SELL NIFTY AROUND 5044-5084 FOR A TARGET1-5010, TARGET2- 4955 keep SL-5100

TODAY BUY NIFTY AROUND 4923-4963 FOR A TARGET1-5005, TARGET2- 5050 keep SL-4900

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

BEST STRATEGY FOR NOVEMBER

GO SHORT AROUND 4880-4980 LEVEL WITH SL-5020 (modify SL to 5060) (TARGET 4600-4500)

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

TODAY

NIFTY at the CHANNEL top in the TREND chart & in synthetic retracement level 70.7% just crossed (4993) & camarilla breakout done yesterday (both weekly & monthly).

Must read

Today & Tomorrow very important for TREND DECIDING, NIFTY need to close below 4920 level on Friday for down-trend to continue. If closed above 5020 level on Friday then we will see new HIGH very soon

"I FEEL NIFTY WILL REVERSE FROM HERE"

Major TREND resistance (weekly) comes around 5010

for the last three days NIFTY closed over 34EMA level, not good for BEARS (if hold till this week then BULLS will have UPPER HAND)

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

NIFTY NEO-PLATONIC RETRACEMENT CHART

If NIFTY go down then NEO-PLATONIC support exist @ 4910 & 4875

NIFTY SWING CHART

Existing swing TARGETING 4600-4400 level (if 5020 not breaks)

NIFTY TREND CHART

NIFTY SYNTHETIC RETRACEMENT CHART

70.7% LEVEL @ 4993 (Reversal point)

NIFTY PIVOT TABLE