Friday, December 31, 2010

Trend Line [31-12-2010]

Technical View of Nifty / Technical view of Market Trend  : 
Technical View of NIFTY : 
Momentum RSI at 92 in Daily Chart. 
ADX +DI just crossed 30.
Money Flow indicator at 72. 
Golden Cross indicator issued buy signal 3 days before.  
Nity closed above previous high 6069. 
William'sR at Over bought zone and average of WR at -14.
Chart view of NIFTY :
-ve breakout trend line resistance at 6189-6194.  
Elliott Wave target of this swing from 5720 is at 6121-6130
(Previous high and profit booking zone.)
Expected profit booking around Elliot wave target and retraced 
upto TDL Trend support. The positive breakout and mid term trend line
coinside at the same place 6038-6025. Implies Very strong support.  
Option 1: Once Nifty hold this trend support
then possible for 6232-6250. 
Option 2 : Once Nifty fails to hold 6038-6025, then target may be around 5827-5800



YESTERDAYS COMMENTS : 38.2% of swing from 6338 [previous high] to 5690 [previous low]
at 6090. But Stiff resistance in the range 6063-6076 [previous highs 27th August
29th August, 27th October, 18th November, 6th December and 29th December].
So the range may be from 6076-6090. Expected some retracement from here.
Only because of the F&O expiry today, Once its sustained above 6090
and closed above this level for 2 consecutive days, then Nifty
try to go upto 6118-6130. So be cautious if you are in short.
EMA support at 6023-6017 in hourly and 5980-5973 in daily
Bulls try close above 6103 , Bears try to close below 6090
Wait and watch.

Daily Technical Analysis of NSE index CASH NIFTY and Momentum of Market
with NIFTY CHART, NIFTY TECHNICAL ANALYSIS, NIFTY ANALYSIS.

Details in Table : Previous Day Open,High,Low and Close
200 Day Exponential Moving Average, 50 EMA and 13 EMA,
International Standard levels Like Pivot, Support & Resistance
Intraday Templates Support & Resistance,
Fibonacci Trading Support and Resistance,
Fibonacci Trend Support and Resistance

SHIVA's predicted TDL trading and trend support, resistance
Position : Long or short with how many points eared/loss in
positions.

Major support and resistance Levels for nifty. This levels
will change the market from Bullish Market to Bearsih Market
HIGH LIGHT :
I USED 6350 as a major resistance for the past 5 months [ACTUAL HIGH 6338]
I USED 5700-5650 as major support for the past 5 months [ACTUAL LOW 5690]

Comments on Intraday TREND and Actual Trend of market
ie., Bullish, Bearish, FLAT, Sideways, positive, Negative etc.

Expectation about GAP up, GAP down or FLAT

Investors support levels for Nifty

Yesterdays Performance about levels and comments

Thursday, December 30, 2010

Elliott Wave [30-12-2010]

Technical View of Nifty, Trend and Market : 
38.2% of swing from 6338 [previous high] to 5690 [previous low]
at 6090. But Stiff resistance in the range 6063-6076 [previous highs 27th August
29th August, 27th October, 18th November, 6th December and 29th December].
So the range may be from 6076-6090. Expected some retracement from here.
Only because of the F&O expiry today, Once its sustained above 6090
and closed above this level for 2 consecutive days, then Nifty 
try to go upto 6118-6130. So be cautious if you are in short.
EMA support at 6023-6017 in hourly and 5980-5973 in daily
Bulls try close above 6103 , Bears try to close below 6090
Wait and watch the Game.

Nifty Trade support 6043-6037 Resistance 6069-6095.
Nifty Trend support 6024-6020 resistance 6090-6108
Daily Technical Analysis of NSE index CASH NIFTY and Momentum of Market
with NIFTY CHART, NIFTY TECHNICAL ANALYSIS, NIFTY ANALYSIS.
Details in Table : Previous Day Open,High,Low and Close
200 Day Exponential Moving Average, 50 EMA and 13 EMA,
International Standard levels Like Pivot, Support & Resistance 
Intraday Templates Support & Resistance,
Fibonacci Trading Support and Resistance, 
Fibonacci Trend Support and Resistance 
SHIVA's predicted TDL trading and trend support, resistance
Position : Long or short with how many points eared/loss in 
positions.
Major support and resistance Levels for nifty. This levels 
will change the market from Bullish Market to Bearsih Market 
Comments on Intraday TREND and Actual Trend of market
ie., Bullish, Bearish, FLAT, Sideways, positive, Negative etc.
Expectation about GAP up, GAP down or FLAT
Investors support levels for Nifty
Yesterdays Performance about levels and comments
stop loss for both with risk takers and without
risk takers seperately for both long and short - SHIVA

Infosys Chief

N.R. Narayana Murthy, Chairman, Infosys
Read the complete Article : She talked about Nehru's sickness and how it had upset father since he was worried about the future of the country. I, too, was distressed since we rarely saw our father in such a mood. That was when my grandmother, a hardly-literate but very clever woman, told her son not to worry - after all the country had survived Rama, Krishna, Buddha and Gandhi.

My grandmother's words are as true today for a corporation as they were then for our nation. Men may come and men may go but corporations should go on forever. 

http://businesstoday.intoday.in/bt/story/11637/1/n.r.-narayana-murthy-on-leadership.html?source=BT291210



Wednesday, December 29, 2010

Fibonacci [29-12-2010]

Daily Technical Analysis View of NSE index CASH NIFTY and Momentum of Market.
Details in Table : Previous Day Open,High,Low and Close
200 Day Exponential Moving Average, 50 EMA and 13 EMA,
International Standard levels Like Pivot, Support & Resistance 
Intraday Templates Support & Resistance,
Fibonacci Trading Support and Resistance, 
Fibonacci Trend Support and Resistance 
SHIVA's predicted TDL trading and trend support, resistance
Position : Long or short with how many points eared/loss in 
positions.
Major support and resistance Levels for nifty. This levels 
will change the market from Bullish Market to Bearsih Market 
Comments on Intraday TREND and Actual Trend of market
ie., Bullish, Bearish, FLAT, Sideways, positive, Negative etc.
Expectation about GAP up, GAP down or FLAT
Investors stop levels for Nifty
Yesterdays Performance about levels and comments
stop loss for both with risk takers and without
risk takers seperately for both long and short

Nifty Trade support 5990-5983 Resistance 6004-6014
Nifty Trend support 5970-5963 resistance 6033-6042


Tuesday, December 28, 2010

Fibonacci [28-12-2010]

View of Market : Nifty Chart and Nifty Analysis with Nifty Technical Details with
Standard levels with predicted TDL trading and trend support, resistance
Negative breakout trend line coinside with the previous high and 
medium support line coinside with Fibonacci retracement 78.6%
implies range bound.
Nifty Trade support 5989-5983 Resistance 6023-6030
Nifty Trend support 5970-5963 resistance 6069-6081

Monday, December 27, 2010

Trend Line [27-12-2010]

NIFTY CHART with NIFTY ANALYSIS and View of the
Market for Trading and Trend supports and resistances
Nifty exactly takes the resistance below the negative
breakout resistance, so sideways with -ve bias for 1-2 days.
Short term and mid term support at 5963, FIBO levels also
co-inside at TREND support.  Keep long with Strict sl.

Friday, December 24, 2010

Fibonnacci [24-12-2010]

Highly over bought in Daily zone, Bullish zone on Hourly zone implies high
volatile market with then and there profit booking
5900 is crucial level for nifty on closing basis for further weakness

Thursday, December 23, 2010

Wednesday, December 22, 2010

Tuesday, December 21, 2010

Monday, December 20, 2010

Fibonnaci [20-12-2010]

Nifty Trade Support level 5924-5917, resistance 5956-5963
Nifty Trend Support level 5894-5888, resistance 5994-6000
CASH NIFTY Analysis : NIFTY CHART 
Todays closing CASH NIFTY level is very important, consecutive 
close above 5963 for two days then minimum target 6060-6090, 
Expected short covering above this level.  This Triangle formation
is bullish,  But cluster of resistance are there. so wait and watch 
the closing level for further action.

Sunday, December 19, 2010

Life in Elliot Wave

Should the Government learn the Elliott wave Principle

Author: Eric Morera
The Elliott wave principle is a huge part of our life , many of us do not notice how our life runs in cycles .Since the moment we are born our life is a impulse to the moment we die . As a Kid , we learn to walk speak and go to school , that wave 1, then come teenagers mistake , huge mistakes , that is wave 2 , then come the best part , we finished University , we start making money we are the kings , every thing is powerful , we can do everything, that is wave 3 , then come the mid-life crisis , wave 4 and then the Fifties  , we are producing but the energy is gone , not momentum that is wave 5. at 65 we retired and come wave a we feel bad , depressing, we have to much time that is wave A , then we learn to live in retirement , a false recovery wave B, and then come the end , wave C when we die , and then a new life begin , a new cycle begin. That Is life fellow and that Is reality.

Mr Elliott did not realized what he was discovering when he did , government , countries , everything follow a cycle . I was Listening to our president today and I came with the idea , that  our government should learn the Elliott wave principle. They should know that  like humans life is a cycle , economic is a cycle . I saw our president extending the unemployment benefit , wanting to increase the Tax break to the only people who create Jobs what a mistake. Our economic world saw a great wave of reality in 2008 .If our government would know the Elliott wave principle , they should know that this is wave B when false recovering happen , when the unemployment is extended , when people are paid $ 8000 .00 dollars to buy a house , when they are paid to buy even car, all those are illusion or false recovery . lets credits the Job creators and our illusion base recovery will become reality . Wave C will happen yesterday the S&P printed a new 2 years high in other word has take 2 years to recovery the 61.8% of the lost in 2008 , there is not momentum to the upside , how it will be if it is a illusion . I will said again , Government , should learn the Elliott wave principle and until wave C happen not a new economic cycle will begun, we should be taking measures to pass the storm , instead of wasting money creating a wave B false recovery . I will teach the president Elliott wave Principle  if he wants.
Article Source: http://www.articlesbase.com/currency-trading-articles/should-the-government-learn-the-elliott-wave-principle-3830407.html
About the Author
Eric Morera senior expert at Elliott Wave Forecast, provide technical analysis for forex investor based at Elliott Wave Principle

Thursday, December 16, 2010

Wednesday, December 15, 2010

Tuesday, December 14, 2010

Monday, December 13, 2010

Saturday, December 11, 2010

Friday, December 10, 2010

Breakout Out support [10-12-2010]

Typing mistake in Trade and Trend support/resistance
Nifty Trade S 5759-5745 R 5799-5805
Nifty Trend S 5685-5680 R 5827-5835

Thursday, December 09, 2010

Wednesday, December 08, 2010

Forth coming IPOs

Fibonnaci [08-12-2010]



Tuesday, December 07, 2010

Monday, December 06, 2010

Friday, December 03, 2010

Thursday, December 02, 2010

Elliot Wave [02-12-2010]

 I missed this rally of 300 points

Wednesday, December 01, 2010

Tuesday, November 30, 2010