1/06/2010

NIFTY 6th January 2010


EVIEW ON MY PREVIOUS LEVELS

"Yesterday mentioned above 5229 will kiss 5289 for sure (Nifty kissed 5288).

Ascending triangle break-out happened last week, which targets 5421
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TODAY'S VIEW

IF 5238 BREAKS THEN NIFTY TARGET 5167-4990 (
 RISING WEDGE LEVEL IN TREND CHART)

from last week, mentioning above 5229 will be HIGHLY BULLISH, with target 5289(minor resistance) & further upto 5311-5398

U-TURN LEVEL FOR BULLS 5311(watch carefully) 

U-TURN LEVEL FOR BEARS 5249-5238(SHORT-TERM)

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TODAY SELL NIFTY AROUND 5303-5290 FOR A TARGET1-5277TARGET2- 5260 keep SL-5315
TODAY BUY NIFTY AROUND 5250-5265 FOR A TARGET1-5277TARGET2- 5295 keep SL-5235
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Above 5229 no major synthetic resitance available till 5311& 5398

BEARS LEVEL

If breaks 5264 then non-stop slide till 5249-5238
If breaks 5238 then more downfall
NEO-PLATONIC support @ 5265 & 5249

BULLS LEVEL

Above 5289 will kiss 5305-5311. 
If crosses 5311 then will kiss 5351 in minutes

Synthetic(swing) retracement & U-TURN levels @ 5311 & 5514 (long-term)

Today's high level could be 5305 or 5322 (GANN's level)
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NIFTY SYNTHETIC (SHORT-TERM) CHART
NIFTY SYNTHETIC (BEAR) CHART
NIFTY SYNTHETIC (MONTHLY) 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