Trend Line [05-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted Trade Deciding Level (TDL) support 6126-6120 [6124 EXACT Low]

Predicted Trade Deciding level (TDL) resistance 6168-6180 [6181 EXACT High]

Cluster of resistance and support implies the Volatility in intra

Hourly and Daily chart in over bought zone, so Then and There

profit booking is possible.  Elliot Wave Target line co-inside

with EMA 21 hourly, so strong support in TDL Trade support.

Global cues will issue some volatility and GAP up in the opening

This rally will sustained only if NIFTY close 6190 for 2 consecutive

days.  Wait and Watch. 

5th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Yesterdays IT Sector almost finished the up move and expected

some retracement and profit booking before move further, Bank sector

issue some weakness to NIFTY, STEEL sector profit booking on card

Automobile sector on profit booking.  Accumulation in SUGAR,CG and FMCG

sector.

Technical View of NIFTY : 

Elliot Wave indicator just started and crossed above 0

Momentum Indicator at Over bought, Closed below Pivot

Bottom fishing indicator below 50, stochastic momentum

in +ve cross with specified EMA, 78.6% of 6338 - 4786 is

at 6005, profit booking indicators at over bought.

Chart view of NIFTY :

positive breakout trend line, and short term support trend line

coincide at 6107-6090 so very strong support, Resistance

Trend line From 22/11/2010 at 6179-6184, Almost for the past 

two days nifty fails to cross and close above this trend line 

4th Jan-2011 high 6178 5th-Jan 2011 high 6181, 

Both high try to cross that trend line.  

yesterday nifty made lower top 6177 from high 6181

Short term projected trend line resistance at 6158-6169

and EMA support at 6138.

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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