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

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