POSITIVE DIVERGENCE
Thursday, February 10, 2011
Pattern [10-02-2011]
YESTERDAYS COMMENTS AND PERFORMANCE :
YESTERDAYS Predicted Nifty level and Actual levels :
After GAP down Nifty makes low 5253 and the intra day rally up to 5339 [predicted EXACTLY
5336-5349 for intra day] took the support at 5225 [Predicted Trend support for very short term is
5242-5223 EXACTTTTTTTTTTTTTLY] and Rally up 5277 [5277-5282 intra support EXACTTTTTTTTTTTTTTLY
act as a resistance] and closed at 5253. Wait and watch the levels tomorrow, i hope we will get
our target 5169-5153 tomorrow or day after tomorrow.
9th Feb 2011 OHLC : open 5293, High 5339 Low 5225 Close 5253
10th 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 BSE NSE : Asian Hotel, Bombay Dyeing, Cairn India, CESC, GSPL, India cements,
IOC, Madras cements, Moser Baer, MRF, United Brew, Kesoram Inds, JSL Stainless
Technical View of NIFTY :
+ve : POSITIVE DIVERGNEC in indicators [Price makes lower lows, Indicator makes higher lows].
Negative breakout TGT 5153 almost matched with 23.6% (5161) of FIBO Cycle from 1292-6357.
Trend Line support 5202, Almost major correction in 744 points over, 100 points only lfet to reach
destination.+ve breakout projected trend line coincide with the Support trend line at 5236-5212.
-ve : Sideways, Hold Below hourly EMA. Closed Below good support 5399, Closed
Below 23.6% (5374) of the swing 2252-6338. Scam news, ADAG group news and Political instability
Wednesday, February 09, 2011
NIFTY PERFORMANCE
After GAP down Nifty makes low 5253 and the intra day rally up to 5339 [predicted EXACTLY 5336-5349 for intra day] took the support at 5225 [Predicted Trend support for very short term is 5242-5223 EXACTLY] and Rally up 5277 [5277-5282 intra support EXACTLY act as a resistance] and closed at 5253. Wait and watch the levels tomorrow, i hope we will get our target 5169-5153 tomorrow or day after tomorrow.
Fibonacci [09-02-2011]
YESTERDAYS COMMENTS AND PERFORMANCE :
YESTERDAYS Predicted Nifty level and Actual levels :
Trend support 5344-5339 [closed below 5339]
Trend resistance 5419-5424 [5432 Actual High]
So 23.6% swing 5374 is a key for further down side. (EXACTTTTTTTTTT)
8th Feb 2011 OHLC : open 5432, High 5432 Low 5303 Close 5312
9th Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis / Technical
view of market / Nifty chart /
View of Market :
DJI Closed positive +71 FUTURE flat, SGX NIFTY 5397-16 -
Asian Market - FLAT/Mixed
Forth Coming Results BSE NSE : Todys Quartely result : Vishal Exports, Edserv, JCT Electronics,
JBF Industries, Essar Securities, CG-VAK, UB Holdings, Nirma, India securities, GMDC,
Technical View of NIFTY :
+ve : POSITIVE DIVERGNEC in indicators [Price makes lower lows, Indicator makes higher lows].
-ve : Sideways, Hold Below hourly EMA. Closed Below good support 5399, Closed
Below 23.6% (5374) of the swing 2252-6338.
Tuesday, February 08, 2011
BSE NAME CHANGE
Sr.
No
|
Existing Name
|
New Name
|
Scrip Code
|
Scrip ID for BOLT System
|
Abbreviated name on BOLT System
|
1.
|
Sai Wires India Limited
|
Croitre Industries Limited
|
531648
|
CROITRE
|
CROITRE
|
Positive Divergence [08-02-2011]
YESTERDAYS COMMENTS AND PERFORMANCE :
YESTERDAYS Predicted Nifty level and Actual levels :
Trade support 5353-5365[5376 Actual low]
Trend resistance 5463-5449 [5440 Actual High]
7th Feb 2011 OHLC : open 5430, High 5440 Low 5376 Close 5396
8th Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis / Technical
view of market / Nifty chart /
View of Market :
Asian Market - FLAT/+ve
Forth Coming Results BSE NSE : Todys Quartely result : Adani Power, Ansal Property, BEML, Finloex
Cables, Mangalore ref, Mreck, Mukta Arts, Patni Computer, Pidility Inds, Power Grid, PTC India,
RAJ oil.
Technical View of NIFTY :
+ve : POSITIVE DIVERGNEC in indicators [Price makes lower lows, Indicator makes higher lows].
Exactly Nifty has taken the support at previous positive breakout neck line and retracement level
5399. Honour the 61.8% (5374) of Total retracement 4786-6338. So possible for some bounce back
from here. The 5400 Put option has witnessed higher Open interest of nearly one crore shares.,
indicating it to be a strong support in the near term, So 23.6% swing 5374 is a key for further
down side.
-ve : Sideways, Hold Below hourly EMA and
Forth Coming RESULTS
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