Trend Line [07-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE :

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted support 6020-6023 [6022 EXACT Low]

Predicted resistance 6107-6117 [6116 EXACT High]

Cluster of support, Elliot Wave Target line and negative

breakout neck line coincide at 6094-6117 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 6120 for 2 consecutive

days. Wait and Watch.

7th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market :

Every resistance is for profit booking. Close above 6120

only issue some short covering and fresh buying opportunity.

Sector wise rotation is going on.

Technical View of NIFTY :

+ve breakout support / projected trend line support at 6034-6022, FIBO

levels also around 6005-5994 for both trend and trade range.

Chart view of NIFTY :

Negative breakout trend line, and short elliott Wave target

line coincide at 6094-6015 so very strong resistance, Continuous Lower

Tops 6181-6178-6141 and 6116 yesterday.

and EMA resistance at 6084.

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

Print this post