12/29/2009

NIFTY 29th December 2009


 REVIEW ON MY PREVIOUS LEVELS

Friday mentioned, if crosses 5150 then NIFTY will kiss  5182-5208 level (Nifty hits 5197)
.
Thursday mentioned, " Be careful in shorts", see what happened(200 points UP in a two session)?

What else you want? To be a successful trader - "Trade only with Synthetic & Neo-platonic retracement levels"
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EXPECTED FUTURE LEVELS

Major fall may happen in any of these U-TURN levels @ 5154, 5311 & 5514 (now we crossed 5154, so watch for other two levels & expect a BIG-FALL)

"NIFTY NEED TO HOLD 5154 LEVEL FOR UP MOVE TO CONTINUE" 

Ascending triangle break-out happened on friday, which targets 5421
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TODAY'S VIEW
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TODAY SELL NIFTY AROUND 5216-5197 FOR A TARGET1-5180TARGET2- 5150 keep SL-5240
TODAY BUY NIFTY AROUND 5140-5160 FOR A TARGET1-5180TARGET2- 5208 keep SL-5122
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BEARS LEVEL

If breaks 5122 then non-stop slide till 5092-5085
If breaks 5085 then non-stop slide till 5061(minor support)& further up to 5018
NEO-PLATONIC support @ 5141 & 5122

BULLS LEVEL

Synthetic levels indicate above 5210-5229 unexpected buying will take up to 5289 (minor resistance) & further upto  5311 & 5398
Synthetic(swing) retracement & U-TURN levels @ 5311 & 5514 (long-term)
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NIFTY SYNTHETIC(MONTHLY) CHART
NIFTY SYNTHETIC(WEEKLY) CHART
NIFTY SYNTHETIC(DAILY) CHART
NIFTY NEO-PLATONIC CHART
NIFTY TREND CHART
NIFTY PITCH-FORK CHART
NIFTY SWING 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