12/16/2009

NIFTY 16th December 2009

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

Yesterday mentioned, below 5091 NIFTY non-stop slide till 5064-5043-5033 (NIFTY hits 5018 & closed @ 5033)

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

Go long only above 5206-5217. Go short on rise (around 5077 level)

Today below 5033 NIFTY non-stop slide till 5003 (minor support) & further to 4976-4946.

Neo-platonic support @ 5003 (minor) & 4946 (major) .

Major RESISTANCE @ 5077

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

TODAY SELL NIFTY AROUND 5094-5063 FOR A TARGET1-5035, TARGET2- 4985 keep SL-5105

TODAY BUY NIFTY AROUND 4970-5002 FOR A TARGET1-5035, TARGET2- 5077 keep SL-4945

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


NIFTY SYNTHETIC RETRACEMENT(MID-TERM) CHART

NIFTY SYNTHETIC RETRACEMENT CHART

NIFTY TREND CHART

NIFTY PITCHFORK CHART

NIFTY SWING CHART

NIFTY PIVOT TABLE

No comments:

Post a Comment

DISCLAIMER

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