Fibonacci [13-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted support 5693-5704 [5711 actual low]

Close below 5900 for 2 days consecutively then -ve

so, i expect rally upto this level, wait and watch.

+ve : 5690-5721 and 5698 again nifty takes support at 5711

OHLC : open 5800, High 5847, Low 5711, Close 5863

13th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

TodaysInfosys Result, FII selling, Sentiment weakness

Political stability will issue some weakness to market again., 

Wait and Watch the market movement.  If nifty fails to cross 5950

and fails to close above this level, then selling pressure

will resume.

Technical View of NIFTY : 

-ve : Closed below the support trend line is coming from 25/5/2010

Closed below the support and positive break out trend line is coming

from 17/10/2009.

+ve : Almost bottom 5690 - 5721 - 5698 and 5711, Closed above 200 EMA

and takes a support 61.8% of the Fibonnaci range 5348 to 6338. Honour 

and takes support at positive breakout trend line is coming from 

6/12/2010.

Chart view of NIFTY :

Next bulls support at 5682-5670 only or MAX 200 EMA 5643 on

closing basis atleast. Negative breakout neck line at 5911-5920.  

So consecutive close below 5920 for another 2-3 days will 

issue some more selling pressure.  EMA and 38.2% of Fibonacci

coinside at 5960-5965.

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 Close

200 Day Exponential Moving Average (EMA), 50 EMA and 13 EMA,

Two Different Fibonacci ratio From Which level and to which level 

for that retracement percentage and values

Strength and Momentum in different time frame of nifty

Nifty trend in Hourly, Nifty trend in daily, Nifty

trend in weekly, Nifty trend in monthly

Previous Days OPEN, High, Low and CLOSE

.

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

stop loss for both with risk takers and without

risk takers seperately for both long and short

Nifty, Nifty Trading system, Intraday Trading system, Intraday, Amibroker 

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