Head and Shoulder [12-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted resistance 5854-5837 [5842 EXACT High]

NEXT BULL SUPPORT 5683-5670 ]5698 ACTUAL Low]

EXpected relief rally is only for EXIT long EXACTTTTTTTTTTTTTT

[Actual from 5762 to 5842 Then negative upto 5698 and rally 

upto 5807 then adjustment closing 5754 [50% from high] 

12th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Day before yesterday i wrote this statement : 

First Time Nifty issued some negative momentum before market hours.

Day before yesterday -150 points and yesterday also closed minor negative.

Todays IIP Data, Tomorrorws Infosys Result, FII selling, Sentiment weakness

Political stability will issue some weakness to market again., Wait and

Watch the market movement.

Technical View of NIFTY : 

-ve : Head and shoulder or channel breakout for more than 700

points -ve breakout neck line support 5984.  The last hope is

the +ve breakout neck 5683-5670 line or 200 EMA  - 5645 

+ve : Almost bottom 5690 - 5721 and 5698

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.  

So consecutive close below 5910 for another 2-3 days will 

issue some more selling pressure.  Complex Head and Shoulder 

pattern and negative channel breakout and bottom issue some 

range for 200 points.

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


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