NIFTY 18th January 2010

EXPECTED FUTURE LEVELS

MAJOR U-TURN LEVELS

Monthly U-TURN LEVEL @ 5311 or 5514 (NIFTY already hits 5310) 

Weekly U-turn level @ 5441

****CAUTION*****  RISING WEDGE IN WEEKLY CHART TARGET 4945-4525  ****CAUTION******

Last week mentioned U-TURN for BULLS (existing swing) @ 5269-5276 (Nifty already kissed 5279)

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

Rising wedge breakout happened first week of this month which targets 5167-4990-4945 (Nifty already kissed 5169)

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

TODAY'S VIEW

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

TODAY SELL NIFTY AROUND 5272-5262 FOR A TARGET1-5250, TARGET2- 5234 keep SL-5290

TODAY BUY NIFTY AROUND 5232-5242 FOR A TARGET1-5250, TARGET2- 5265 keep SL-5215

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

***NIFTY HAS VERY LESS CHANCE TO CLOSE ABOVE 5311 (for reference click here)***

*************************  BE CAREFUL IN LONGS  **************************

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

TREND LEVELS

Today's trend support @ 5250 & Weekly trend support @ 5178

NIFTY TREND CHART

NIFTY TREND (WEEKLY) CHART

NIFTY PITCHFORK CHART

NIFTY SWING CHART

NIFTY PIVOT TABLE

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

BULL LEVELS

If NIFTY able to cross 5279-5288 then will kiss 5306-5311 in minutes

If crosses 5306-5311 then will kiss 5341-5351 in minutes

NIFTY SYNTHETIC SWING(BULL) CHART

NIFTY SYNTHETIC SWING WEEKLY(BULL) CHART

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

BEAR LEVELS

If breaks 5255-5247 then non-stop slide till 5234-5230

If breaks 5234-5228 then non-stop slide till 5211-5201

NIFTY NEO-PLATONIC CHART

NIFTY SYNTHETIC RETRACEMENT CHART

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