Trend Line [18-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted resistance 5693-5706 [EXACTTTTTT H 5696]

Every resistance is for profit booking  [EXACTTTTTTTT]

Predicted support 5610-5617 [5624 Actual Low]

+ve : Nifty has taken support at 200EMA, I USED 5600 as sl for investment

from Nov-2010.

-ve : Continuous FII Selling, Expected CRR hike, Inflation, Negative breakout 

neck line at 5696-5727. So consecutive close below 5690 for another 1-2 days 

will be more negative for bulls.

OHLC : open 5648, High 5696, Low 5624, Close 5654

18th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Todys Quartely result Bajaj Finance, Cadila Health, Container Corp,

Exide, Gail India, HCL Tech, Indiab Power, Indiabulls Realest. ING

Vysya Bank, Mastek, NIIT Tech, Opto Circuit, Petronet LNG and TATA Elxsi

and Many other mid cap and small cap stocks 

TCS results : 

https://docs.google.com/viewer?url=http://www.bseindia.com/xml-data/corpfiling/an

nouncement/Tata_Consultancy_Services_Ltd1_170111.pdf

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.  Closed below the almost triple bottom level 

5690-5721-5698 and 5711.  Fibonacci SWING 6338-5348, 61.8% at 5726

Lower tops Trend line, Violation of Triple bottom, Trend line coinside at the

same place. Very strong resistance at 5693-5726

+ve : 

Chart view of NIFTY :

Next bulls support at Elliott wave target line 5584-5550 only 

or MAX 200 EMA 5648 on closing basis atleast.  Momentum indicator/Oscillator 

indicators in over sold.

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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AFL, Stock Trading, Stocks, NSE Trading, Commodity, Commodity trading, NIFTY

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