Trend Line [06-01-2011]

 YESTERDAYS COMMENTS AND PERFORMANCE :

BTST NIFTY : http://www.facebook.com/sivakumar.appasamy

YESTERDAYS Predicted Nifty level and Actual levels :

Closed below both Trend and Trade supports

Cluster of resistance and support implies the Volatility in intra
Hourly and Daily chart in over Bullish/volatility zone, so Then and There
profit booking is possible.  Elliot Wave Target line coincide
with support line at 6128-6134, so strong resistance at TDL Trend resistance. Global cues will issue some volatility and GAP up in the opening This rally will sustained only if NIFTY close 6150 for 2 consecutive days.  Wait and Watch.

6th 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 +veness to NIFTY, Shipping sector shares SCI , GEshipping, Essar shipping, Mundraport in accumulation stage.Accumulation in SUGAR,CG and FMCG sector.

Technical View of NIFTY :
Elliot Wave indicator just started and crossed above 0 in daily and
negative cross in hourly. Momentum Indicator at volatility zone.
Closed below Pivot Bottom fishing indicator below 50, stochastic momentum
in +ve cross with specified EMA, 78.6% of 6338 - 4786 is
at 6005, 23.6% retracement of 5720 to 6338 at 6060.

Chart view of NIFTY :
Negative breakout trend line, and short term support trend line
coincide at 6128-6134 so very strong resistance, Continuous Lower
Tops 6181-6178 and 6141 yesterday.
and Hourly EMA resistance at 6117.

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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