13/10/06 Chart-1

Dear All See the R.H&S formation in nifty. Nifty in bullish trend. But overall sentiment reading in top counters in bearish. We maintain support level 3587. Below that fresh selling pressure will come. Buy Nifty above 3608 for the target of 3627-3648. Support 3608-3597-3587. regds / SIVA

12/10/06 Chart-1

Dear All Negative divergence in Stochastic. Lower low creation in Price chart marked by 1. Lower top creation marked by 2. From 3rd arrow nifty will touch 3538-3511. some support in 3538 is possible. But technically upto 3511 is on card. SHORT NIFTY for the target of 3511 with sl 3570. Suppot 3544-3528-3508. Resistance 3581-3603. regds / SIVA

11/10/06 Chart-1

Dear All We maintained yesterdays resistance and support level. regds / SIVA

10/10/06 Chart-1

Dear All 1st chart shows the lower top was created and rising wedge again & Nifty breach the rising wedge also. This implies that Nifty will breach the previous below of 3546. In 2nd chart see the first Fibonacci every lower top creation will breach the previous low. The same will happen in the second Fibonacci. So Support 3538-3522-3502. Resistance 3588-3606. Short Nifty with sl 3588 for the target of first 3538. If breach this level then 3522. regds / SIVA

09/10/06 Chart-1

Dear All Clear rising wedge, has bearish implications. Distribution also take place [marked by arrow, ie. lower top creations, so another lower bottom will be created]. Short NIFT. Nifty touch 3544. If breach this level next support 3530-3509. Resistance 3581. regds / SIVA