1/14/2010

NIFTY 14th January 2010


REVIEW ON MY PREVIOUS LEVELS


Yesterday mentioned below 5204-5200 will kiss 5158-5148 (Nifty kissed 5169)
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TODAY'S VIEW
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TODAY SELL NIFTY AROUND 5272-5253 FOR A TARGET1-5235TARGET2- 5200 keep SL-5290
TODAY BUY NIFTY AROUND 5195-5215 FOR A TARGET1-5235TARGET2- 5260 keep SL-5180
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***NIFTY HAS VERY LESS CHANCE TO CLOSE ABOVE 5311 (for reference click here)***

****************************BE CAREFUL IN LONGS  **************************
****CAUTION*******RISING WEDGE IN WEEKLY CHART TARGET 4945-4525 ****CAUTION******
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TREND LEVELS

For any up-move NIFTY weekly close should be above 5180 
Today's trend support @ 5215 & Camarilla weekly support @ 5165

EXPECTED FUTURE LEVELS

Ascending triangle break-out happened last weeks of last month, which targets 5421 (Nifty already kissed 5311)

Rising wedge breakout happened last week targets 5167-4990-4945 (Nifty already kissed 5169)

NIFTY TREND CHART
NIFTY TREND(WEEKLY) CHART
NIFTY PIVOT TABLE

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BULL LEVELS

If NIFTY able to cross 5232-5236 then will kiss 5269-5276 (minor resistance @ 5250)in minutes


NIFTY SYNTHETIC SWING(BULL) CHART

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BEAR LEVELS

If breaks 5232-5228 then non-stop slide till 5211-5201


NIFTY SYNTHETIC RETRACEMENT(BEAR) CHART

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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