Trend Line [27-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Trend Resistance 5823-5816 [5801 Actual High]

Trade Support 5700-5688 [5680 Actual Low]

Positive : close above the triple bottom trend line support 5690-5683

and honour the 200EMA 5651 on closing basis. 

25th January 2011 OHLC : open 5763, High 5801 Low 5680, Close 5687

27th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Todys Quartely result : AGC Network, Arvind, Blue Star, Dena Bank, FDC, Financial 

Tech, Gateway Distributors [GDL], HDFC Bank, Hinduja Venture, Hhindustan Motor, 

IRB Infra, Jain Irrigation, JSW Steel, Kansai Nerolac, Kirloskar Oil, Lupin, 

MArico, National Fert, Neyveli, NHPC, Silver line Tech, Spicejet, TN Petro, Tanla 

Solutions, Tata Chemicals, Tata Tele, Thermax, TV Eighteen

+ve scripts [not in intra, this is for positional] : IDEA and SterlinBio

Technical View of NIFTY : 

+ve : Close above the triple bottom trend line support 5690-5683

and honour the 200 EMA 5650 on closing basis. Once it hold 5600 then it is positive.

Chart view of NIFTY :

+ve breakout support at 5644-5637 and investors sl also around 5600 there.

Elliott Target line 564, almost coincide with +ve breakout line and mid term 

support line. 5777-5783 and FIBO resistance 38.2% at 5745.  This upper bottom 

trend line's elliot target says more than 6000. Very strong support at 5644-5637 

[Elliott Target line, +ve breakout line coincide at the same place 5644-5637

-ve : Yesterday Nifty closed below 5727(61.8%) of the swing 6338-5348.

Nifty closed below the Negative breakout line 5816, and tried to cross

this level and failed.  Closed negative.  First confirmation of negative sign.  

Very strong resistance around 5815-5826 [78.6% of the swing 6181-5721 at 

5819, negative breakout line at5816-5824.

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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