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

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

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

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

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

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.