Trend Line [04-02-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Trade support 5402-5407 [5418 Actual low]

Short covering above 5479 [EXACTTTTTTTTTT to 5532]

3rd Feb 2011 OHLC : open 5430, High 5532 Low 5418 Close 5526

4th Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis / 

Technical view of market / Nifty chart / 

View of Market : 

Forth Coming Results : Todys Quartely result : Balrampur Chini, Cipla, Divis Lab, Finloex 

Industries, Hindustan Copp, Nagarjuna Constr, Oracle Finance, Suzlon Energy and Titargh

Technical View of NIFTY : 

+ve : Exactly Nifty has taken the support at previous positive breakout neck line and retracement 

level 5400. Honour the 61.8% (5379) of Total retracement 4786-6338. So possible for some bounce 

back from here. Yesterdays breakout's target 5600+. Hold above hourly EMA. wait and watch.

-ve : 23.6% Fibonacci Range 6181-5406 coincide with Elliott Wave target line

at 5569-5573.  Honour previous high 5539 as resistance and close below this level.  Cluster of

resistance above 5550

Trend Line [03-02-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Trade Resistance 5476-5483 [5490 ACTUALLLLLLLLLL High]

Stop Loss for long 5399-5404[515 ACTUALLLLLLLLLL Low]

2nd Feb 2011 OHLC : open 5469, High 5490 Low 5415 Close 5432

2nd Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis / 

Technical view of market / Nifty chart / 

View of Market : 

Forth Coming Results : Todys Quartely result : Abhishek Industries, Acc, Engineers India, 

Whirpool, Gujarat Ambuja Cement, Cummins India, ICSA

BSE FORTHCOMING RESULTS

Technical View of NIFTY : 

+ve : Exactly Nifty has taken the support at previous positive breakout neck line and retracement 

level 5400. Honour the 61.8% (5379) of Total retracement 4786-6338. So possible for some bounce 

back from here.  Negative Triangle Breakout target almost reached and Target matched with Mid term Breakout Support and Support trend line

-ve : 23.6% Fibonacci Range 6181-5406 coincide with Elliott Wave target line

at 5574-5585 [yesterdays high exactlyyyyyyyyyyyy 5490], 

Elliott Wave Target line resistance at 5526-5538. Below Houly EMA.

Trend Line [02-02-2011]

 YESTERDAYS COMMENTS AND PERFORMANCE :

YESTERDAYS Predicted Nifty level and Actual levels :
Trade Resistance 5529-5539 [5539 EXACTTTTTTTTTTT High]
Stop Loss for long 5399 [5402 EXACTTTTTTTTTTT Low]
1st January 2011 OHLC : open 5537, High 5539 Low 5402 Close 5417

2nd Feb January 2011 [01/02/2011] - Technical View of Nifty / Nifty Technical
Analysis / Technical view of market
View of Market :
Todys Quartely result : Bharti Airtel, EssarShip Ports, Glaxosmithl Cons, Great
Offshore, Hero Honda, JAI corp, Jet Air India, Vardhman Tex, Voltas and Wockhart
Technical View of NIFTY :

+ve : Exactly Nifty has taken the support at previous positive breakout neck line
and retracement level 5400. Honour the 61.8% (5379) of Total retracement
4786-6338. So possible for some bounce back from here.

-ve : 23.6% Fibonacci Range 6181-5406 coincide with Elliott Wave target line
at 5574-5585, Elliott Wave Target line resistance at 5526-5538. Below Houly
EMA.

Elliott Wave [01-02-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Trade Resistance 5543-5529 [5526 EXACTTTTTTTTTTT High]

Cluster of support 5380-5399-5420 [5416 EXACTTTT Low]

31st January 2011 OHLC : open 5452, High 5526 Low 5416 Close 5505

1st Feb January 2011 [01/02/2011] - Technical View of Nifty / Technical view of 

Market :

View of Market : 

Todys Quartely result : Bank of India, Blue Dart, Century, Extrusions, Chettinad 

cement, DCM Shriram Consolidated, Gujarat Ambuja Exports, Glenmark, HEG, NMDC, 

Radico, Sun Pharma, Syndicate Bank, Vijaya Santhi Buliders

Technical View of NIFTY : 

+ve : Exactly Nifty has taken the support at previous positive breakout neck line 

and retracement level 5400.

-ve : 23.6% Fibonacci Range 6181-5406 coincide with Elliott Wave target line

at 5574-5585, Elliott Wave Target line resistance at 5526-5538. Below Houly EMA

Trend Line [31-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Trend Resistance 5627-5616 [5614 EXACTTTTTTTTTTT High]

Trend Support 5540 [Closed Below this level]

28th January 2011 OHLC : open 5614, High 5614 Low 5459, Close 5512

31th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Todys Quartely result : Andhra Bank, Ballarpur Industries, BPCL, Canara Bank, Central Bank, Colgate Palmolive, Dabur India, Indian Hotel, IDFC, Hindustan Oil, GVK Power, Gujarat Fluor, Escorts, DLF, Jindal Saw, KEC Intl, Lakshmi Machine (LMW), LML, Maharashtra Seamless, Mcleod Russel, MMTC, National Aluminium, NAvneet Publication, Novatis India, NTPC, Shriram Trans, Shree cement, Rolta, Pentamedia, SilverLine Tech Sun Pharma, TATA Communication, TATA Metaliks, 

Technical View of NIFTY : 

-ve : Closed Below 200 EMA level, and Closed Below Investment sl 5600

+ve : Next 50% support for the swing 4538-6338 is at 5438, 

Next +ve breakout support is at 5399,  61.8% at 5226, Major trend line

support 5050.