1/07/2010

NIFTY 7th January 2010


REVIEW ON MY PREVIOUS LEVELS


"Yesterday mentioned above 5289 will kiss 5311 for sure (Nifty kissed 5310).

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

IF 5274 BREAKS THEN NIFTY TARGET 5167-4990 (
   RISING WEDGE LEVEL IN TREND CHART)


U-TURN LEVEL FOR BULLS @ 5311(long-term swing level). ABOVE 5311 will kiss 5351 in minutes. 

U-TURN LEVEL FOR BEARS @ 5272-5260(SHORT-TERM)

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TODAY SELL NIFTY AROUND 5311-5295 FOR A TARGET1-5282, TARGET2- 5265 keep SL-5320
TODAY BUY NIFTY AROUND 5250-5268 FOR A TARGET1-5282, TARGET2- 5305 keep SL-5235
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BEARS LEVEL

If breaks 5266 then non-stop slide till 5248-5244
If breaks 5244 then will kiss 5204 in minutes
NEO-PLATONIC support @ 5277 & 5266

U-TURN LEVEL FOR BULLS @ 5351(existing swing level)

BULLS LEVEL

If NIFTY able to cross 5311(or yesterday's high 5310) then will kiss 5351 in minutes

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

Today's high level could be 5322 or 5337 (GANN's level)
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NIFTY SYNTHETIC SWING (BULL) CHART
NIFTY SYNTHETIC SWING (BEAR) CHART
NIFTY SYNTHETIC RETRACEMENT (BEAR) CHART
NIFTY TREND CHART
NIFTY PIVOT TABLE
Posted by Kumaraguru at 00:07

3 comments:

  1. Sujatha7 January 2010 at 15:09

    Closing below 5274 is a downside? shall we hold shorts?

    And all you have mentioned is for NIFTY SPOT.. Am i right?

    Thanks and regards

    ReplyDelete
  2. Kumaraguru7 January 2010 at 16:21

    Yes, all levels mentioned are NIFTY spot levels.

    As shown in trend chart, closing below 5274 is bearish, but there are chances for NIFTY to re-test the trend channel again by tomorrow around 5310 level.If resisted around 5310 level then a fall till 5260-5244 not ruled out.

    Remember, above 5311 nify will kiss 5351 for sure.

    Keep stop-loss for shorts as 5320

    ReplyDelete
  3. Sujatha7 January 2010 at 17:05

    Thank you very much for your guidance :)

    Regards

    ReplyDelete

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