1/04/2010

NIFTY 4th January 2010


 REVIEW ON MY PREVIOUS LEVELS

Last week mentioned, if crosses 5210-5229 then NIFTY will kiss  5289 level (Nifty not able to cross5229 & hits 5222)
.
Thursday mentioned, below 5161-5144  NIFTY will kiss 5110-5108 (Nifty not able to break 5161-5144 & hits 5160)

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 CLOSED ABOVE CRUCIAL  5154 LEVEL, HOLDING THIS LEVEL WILL BE HIGHLY BULLISH" 

Ascending triangle break-out happened on last week, which targets 5421
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TODAY'S VIEW
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TODAY SELL NIFTY AROUND 5230-5215 FOR A TARGET1-5200TARGET2- 5182 keep SL-5245
TODAY BUY NIFTY AROUND 5170-5186 FOR A TARGET1-5200TARGET2- 5222 keep SL-5160
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BEARS LEVEL

If breaks 5151 then non-stop slide till 5123-5115-5094
If breaks 5094 then non-stop slide till 5053(u-turn level)
NEO-PLATONIC support @ 5168 & 5151

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(DAILY) CHART
NIFTY SYNTHETIC(WEEKLY) CHART
NIFTY SYNTHETIC(MONTHLY) CHART
NIFTY SWING CHART
NIFTY TREND 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