Pattern [10-02-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

After GAP down Nifty makes low 5253 and the intra day rally up to 5339 [predicted EXACTLY 

5336-5349 for intra day] took the support at 5225 [Predicted Trend support for very short term is 

5242-5223 EXACTTTTTTTTTTTTTLY] and Rally up 5277 [5277-5282 intra support EXACTTTTTTTTTTTTTTLY 

act as a resistance] and closed at 5253. Wait and watch the levels tomorrow, i hope we will get 

our target 5169-5153 tomorrow or day after tomorrow.

9th Feb 2011 OHLC : open 5293, High 5339 Low 5225 Close 5253

10th Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis / 

Technical view of market / Nifty chart / 

View of Market : 

Forth Coming Results BSE NSE : Asian Hotel, Bombay Dyeing, Cairn India, CESC, GSPL, India cements, 

IOC, Madras cements, Moser Baer, MRF, United Brew, Kesoram Inds, JSL Stainless

Technical View of NIFTY : 

+ve : POSITIVE DIVERGNEC in indicators [Price makes lower lows, Indicator makes higher lows].  

Negative breakout TGT 5153 almost matched with 23.6% (5161) of FIBO Cycle from 1292-6357.

Trend Line support 5202, Almost major correction in 744 points over, 100 points only lfet to reach 

destination.+ve breakout projected trend line coincide with the Support trend line at 5236-5212.

-ve : Sideways, Hold Below hourly EMA.  Closed Below good support 5399, Closed

Below 23.6% (5374) of the swing 2252-6338.  Scam news, ADAG group news and Political instability

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