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

Nifty, Nifty Trading system, Intraday Trading system, Intraday, Amibroker AFL, AFL, Stock Trading, Stocks, NSE Trading, Commodity, Commodity trading, NIFTY,Intraday Trading System, NIFTY Amibroker Trading System, Amibroker Trading System, highly successful trading system for amibroker, Nifty Future

NSE Holidays 2011

         Holiday Date                      Purpose                 Day 

 26-Jan-11                      Republic Day                  Wednesday 

 02-Mar-11                     Mahashivratri                 Wednesday 

 12-Apr-11                     Ram Navmi                      Tuesday 

 14-Apr-11                     Dr. Ambedkar Jayanti     Thursday 

 22-Apr-11                     Good Friday                     Friday    

15-Aug-11                     Independence Day          Monday 

 31-Aug-11                    Ramzan Id                      Wednesday 

 01-Sep-11                     Ganesh Chaturthi           Thursday 

 06-Oct-11                     Dasera                            Thursday 

 26-Oct-11                    Diwali Amavasya(Laxmi Puja)    Wednesday 

 27-Oct-11                    Diwali (Balipratipada)       Thursday 

 07-Nov-11                   Bakri Id                              Monday              

10-Nov-11                    Gurunanak Jayanti            Thursday 

 06-Dec-11                   Moharram                         Tuesday  

Trend Line [25-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

TDL Trend Resistance 5745-5756 [5756 EXACTTTTTTTTTT High]

close above the triple bottom trend line support 5690-5683

and honour the 200EMA 5650 on closing basis. Once nifty hold above

5640 for 1-2 days then recovery is possible.   [wait and watch]

24th January 2011 OHLC : open 5717, High 5756 Low 5697, Close 5743

25th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Todys Quartely result : Alstom Projects, Asahi India, Balaji Tele, Ceat, Century 

Enka, Deepak Fert, Dr.Reddys Lab, Electrosteel Cast, Essel Propack, GHCL, Grasim 

Inds, Hindustuan Unilver, IDBI Bank, India Bulls Sec., IPCA Lab, Sterlite Inds, 

Trent, Tata coffee, Tata Sponge, UCAL Fuel, Ultratech Cem, Uniphos Enter, United 

Phos, Wire and Wireless

+ve scripts [not in intra, this is for positional] : Coreprotec, RajesExpo, 

WockPharma, TTKhealth and TTKprestige

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 nifty hold above

5640 for 1-2 days then recovery is possible.  

Chart view of NIFTY :

+ve breakout support at 5665-5654 and investors sl also around 5600 there.

Momentum indicator/Oscillator indicators in over sold. Elliot Target line

5777-5783 and FIBO resistance 38.2% at 5745. closed aboe the the trend line 

10/12/2010.  This upper bottom trend line's elliot target says more than 6000. 

Closed above the resistance  61.8% - 5729 of the Fibonacci Range 6338-5348.

-ve : There is no confirmation to take the breakout upport as sl for buy

so, risk takers may buy nifty around 5665 with sl 5600 on closing basis.  

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


Nifty, Nifty Trading system, Intraday Trading system, Intraday, Amibroker AFL,

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

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Trend Line [24-01-2010]

YESTERDAYS COMMENTS AND PERFORMANCE : 

Close above the triple bottom trend line support 5690-5683

and honour the 200EMA 5650 on closing basis. Once nifty hold above

5640 for 1-2 days then recovery is possible.   [wait and watch]

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted Trade resistance 5734-5729 [5717 Actual High]

Predicted Trade support 5695-5685 [5674 Actual Low]

and closed below predicted trading support 5695.

OHLC : open 5692, High 5717 Low 5674, Close 5696

24th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Todys Quartely result : Asian Paints, Birla Cop, Century Textiles, Chennai Petro, 

EIH, Geometric, Godrej Indus, GTL, ICICI Bank, Idea Cellular, Indian Bank, Jindal 

Steel, Karnataka Bank, Sesagoa, Sobha Developers, Torrent Pharma,Union Bank, 

Vijaya Bank, Welcorp and many other Mid cap and small cap stocks.

+ve scripts [not in intra, this is for positional] : Geometric. Vguard

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 nifty hold above

5640 for 1-2 days then recovery is possible.  

Chart view of NIFTY :

+ve breakout support at 5641-5628 and investors sl also around 5600 there.

Momentum indicator/Oscillator indicators in over sold. Elliot Target line

and FIBO resistance 38.2% are almost coincide at 5745-5756. closed aboe the the 

trend line 10/12/2010.  This upper bottom trend line's elliot target says more 

than 6000.

-ve : There is no confirmation to take the breakout upport as sl for buy

so, risk takers may buy nifty around 5640 with sl 5600 on closing basis.  Honur 

the resistance  61.8% - 5729 of the Fibonacci Range 6338-5348.

YESTERDAYS COMMENTS AND PERFORMANCE :

Close above the triple bottom trend line support 5690-5683

and honour the 200EMA 5650 on closing basis. Once nifty hold above

5640 for 1-2 days then recovery is possible. [wait and watch]

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted Trade resistance 5734-5729 [5717 Actual High]

Predicted Trade support 5695-5685 [5674 Actual Low]

and closed below predicted trading support 5695.

OHLC : open 5692, High 5717 Low 5674, Close 5696

24th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market :

Todys Quartely result : Asian Paints, Birla Cop, Century Textiles, Chennai Petro,

EIH, Geometric, Godrej Indus, GTL, ICICI Bank, Idea Cellular, Indian Bank, Jindal

Steel, Karnataka Bank, Sesagoa, Sobha Developers, Torrent Pharma,Union Bank,

Vijaya Bank, Welcorp and many other Mid cap and small cap stocks.

+ve scripts [not in intra, this is for positional] : Geometric. Vguard

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 nifty hold above

5640 for 1-2 days then recovery is possible.

Chart view of NIFTY :

+ve breakout support at 5641-5628 and investors sl also around 5600 there.

Momentum indicator/Oscillator indicators in over sold. Elliot Target line

and FIBO resistance 38.2% are almost coincide at 5745-5756. closed aboe the the

trend line 10/12/2010. This upper bottom trend line's elliot target says more

than 6000.

-ve : There is no confirmation to take the breakout upport as sl for buy

so, risk takers may buy nifty around 5640 with sl 5600 on closing basis. Honur

the resistance 61.8% - 5729 of the Fibonacci Range 6338-5348.

Fibonacci Arc [21-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted Trend resistance 5745-5734 [5729 Actual High]

Predicted Trade support 5653-5647 [5634 Actual H]

and closed below predicted trading resistance 5713.

OHLC : open 5656, High 5729 Low 5634, Close 5711

21th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Todys Quartely result : AKZOINDIA, Bank of India, Bank of Maharastra, BHEL, Dish TV India, Edelweiss Capital, HCC, IFCI, Indiabulls finance, ITC, Mahindra & Mahindra Finance, NIIT, PNB, Polaris Soft, Praj Industries, RIL, Tech Mahindra and Wipro [Source BSE India]

Technical View of NIFTY : 

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

and honour the 200EMA 5650 on closing basis. Once nifty hold above

5640 for 1-2 days then recovery is possible.  

-ve : Closed below lower tops trend line. Honur the resistance 61.8% of the Fibonacci Range 6338-5348.  No strength in the Elliot Wave indicator.

+ve : 

Chart view of NIFTY :

+ve breakout support at 551-5638 and investors sl also around there.

Momentum indicator/Oscillator indicators in over sold. Closed above

Trend line support from 10/12/2010.

-ve : Fibo Arc resistance at the TDL Trend resistance. Lower tops

trend line resistance at 5729-5733.

Trend Line [20-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted Trade resistance 5759-5748 [5747.65 EXACTTTTTTTTTTTT High]

Opening itself at the resistance and lower tops in intra 5745, from

there continuous down with minus closing.

OHLC : open 5737, High 5747 Low 5662, Close 5691

20th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Todys Quartely result : Biocon, JSW energy, Kirloskar Bros, KotakMahBank, SRF, TVS Motor, Wipro Zee News, and YesBank

and Many other mid cap and small cap stocks 

Technical View of NIFTY : 

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

and honour the 200EMA 5649.  Once it honour the +ve breakout trend

line 5600 on closing basis , then market may recover.

-ve : Closed negative, and honour the Lower top trend line yesterday,

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 5634-5747.  FIBO Swing 6181-5624's 78.6% 5743.  So cluster of resistance around 5726-5755.  

+ve : 

Chart view of NIFTY :

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

Momentum indicator/Oscillator indicators in over sold. 

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Trend Line [19-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted resistance 5713-5727 [5730 Actual H]

Opening itself above Trade support and Intra EXACT

Support 5671 [5670 predicted]

OHLC : open 5682, High 5730 Low 5671, Close 5724

19th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Todys Quartely result : BajajAuto, BajajHoldings, HCL Tech, Hindustan Zinc, LIC housing finance, Orchid Chemicals, Torrent Pharma and Wipro

and Many other mid cap and small cap stocks 

Technical View of NIFTY : 

+ve : break the triple bottom trend line resistance 5700 and close above the level.  Close around 61.8% [5348-6338] of Fibonacci level.

-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 [5782-5804].   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.  FIBO Swing 6181-5624's 

78.6% 5743.  So cluster of resistance around 5726-5755.  Negative breakoout

line at 5782-5804 and 5836 [61.8%]. 

+ve : 

Chart view of NIFTY :

Above 5745 , Next bears resistance at 5845.  Negative breakout line at 5782-5804

Momentum indicator/Oscillator indicators in over sold. Expected short covering above 5760 upto 5845.

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


Nifty, Nifty Trading system, Intraday Trading system, Intraday, Amibroker AFL,

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

Intraday Trading System, NIFTY Amibroker Trading System, Amibroker Trading

System, highly successful trading system for amibroker, Nifty Future

DJI Holiday

This week will be a shortened one for trading in the U.S. due to the Martin Luther King Holiday on Monday. Markets will be closed on this day in the United States. On Tuesday, major reports of interest will stem from Citigroup, IBM and Apple. The Empire Manufacturing index is also due out this day as is the National Association of Home Builders’ home builder sentiment index. On Wednesday, earnings reports will post from Goldman Sachs, U.S. Bancorp and eBay. In addition to these earnings reports, the Housing starts and building permits for December from the Commerce Department will post. On Thursday, earnings reports of interest will post from Morgan Stanley, Capitol One Financial and Google. Economic reports on this day will post from the National Association of Realtors. The Association will post its existing home sales from December. Thursday will also bring about the Initial Jobless claims from the Labor Department. This report is expected to be a bit better than last week’s report. Key earnings reports posting Friday will stem from Bank of America and general Electric.

Elliott Wave [17-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted resistance 5820-5827 [Actual 5833]

Global cues will drag nifty towards trend support [EXACT]

Below 5687 first support 5647 [5639 Low]

+ve : Nifty has taken support at 200EMA

-ve : Negative sentiment on IT Sector through Infosys result, 

Yesterday's Petrol price hike, Continuous FII Selling, 

Expected CRR hike, Inflation, Negative breakout neck line at 5911-5920.  

So consecutive close below 5920 for another 2-3 days will 

issue some more selling pressure.  [wait and watch this statement, already

100 points negative]

OHLC : open 5752, High 5833, Low 5639, Close 5654

17th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Todys Quartely result AXISBANK, Essar oil, Indusind Bank, L&T, 

Power Finance and TCS will issue some sentiment on Bank and again 

IT sector Wait and Watch the market movement. If nifty fails to hold 

6000-5587 then selling pressure will resume.

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.  Closed below short ternd line 5693-5700.

Closed below the 38.2% level 5703.  Very strong resistance at 5693-5700

because Fibo level, Closed below the +ve break out trend line, and

short term support, expected triple bottom support trend line coinside

at the same place.

+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. Next 38.2% of Fibonacci

support at 5500. 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


Nifty, Nifty Trading system, Intraday Trading system, Intraday, Amibroker AFL,

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

Intraday Trading System, NIFTY Amibroker Trading System, Amibroker Trading

System, highly successful trading system for amibroker, Nifty Future

Trend Line [14-01-2011]

Fibonacci [13-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted support 5693-5704 [5711 actual low]

Close below 5900 for 2 days consecutively then -ve

so, i expect rally upto this level, wait and watch.

+ve : 5690-5721 and 5698 again nifty takes support at 5711

OHLC : open 5800, High 5847, Low 5711, Close 5863

13th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

TodaysInfosys Result, FII selling, Sentiment weakness

Political stability will issue some weakness to market again., 

Wait and Watch the market movement.  If nifty fails to cross 5950

and fails to close above this level, then selling pressure

will resume.

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.

+ve : Almost bottom 5690 - 5721 - 5698 and 5711, Closed above 200 EMA

and takes a support 61.8% of the Fibonnaci range 5348 to 6338. Honour 

and takes support at positive breakout trend line is coming from 

6/12/2010.

Chart view of NIFTY :

Next bulls support at 5682-5670 only or MAX 200 EMA 5643 on

closing basis atleast. Negative breakout neck line at 5911-5920.  

So consecutive close below 5920 for another 2-3 days will 

issue some more selling pressure.  EMA and 38.2% of Fibonacci

coinside at 5960-5965.

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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Head and Shoulder [12-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted resistance 5854-5837 [5842 EXACT High]

NEXT BULL SUPPORT 5683-5670 ]5698 ACTUAL Low]

EXpected relief rally is only for EXIT long EXACTTTTTTTTTTTTTT

[Actual from 5762 to 5842 Then negative upto 5698 and rally 

upto 5807 then adjustment closing 5754 [50% from high] 

12th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

Day before yesterday i wrote this statement : 

First Time Nifty issued some negative momentum before market hours.

Day before yesterday -150 points and yesterday also closed minor negative.

Todays IIP Data, Tomorrorws Infosys Result, FII selling, Sentiment weakness

Political stability will issue some weakness to market again., Wait and

Watch the market movement.

Technical View of NIFTY : 

-ve : Head and shoulder or channel breakout for more than 700

points -ve breakout neck line support 5984.  The last hope is

the +ve breakout neck 5683-5670 line or 200 EMA  - 5645 

+ve : Almost bottom 5690 - 5721 and 5698

Chart view of NIFTY :

Next bulls support at 5682-5670 only or MAX 200 EMA 5643 on

closing basis atleast. Negative breakout neck line at 5911.  

So consecutive close below 5910 for another 2-3 days will 

issue some more selling pressure.  Complex Head and Shoulder 

pattern and negative channel breakout and bottom issue some 

range for 200 points.

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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Trend Line [11-01-2011]

COMMENTS

Comments on 31/12/10 - Profit Booked in long +160 points


on 3/1/11 - high 6177


on 4/1/11 - high 6181


From 4/1/11 see the comments for long holders.


Comments on 6/1/11 - This rally sustained only if nifty close above 6150


Comments on 7/1//11 - Every resistance is for profit booking


Comments on 10/1/11 - Range is for 100-150 points on -ve side - 


predicted target 5800-5765 [5762.85 CLOSE and Low 5740] -


ISSUED THE SHORT CALL, nifty was not reached that target 


for short.

Elliott Wave [10-01-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :

Predicted resistance 6063 [6051 Actual H]

Predicted "Below 6005 tgt 5930" Actual low 5883 [Reached]

Yesterdays statement : Every resistance is for profit booking.  Close above 

6120

only issue some short covering and fresh buying opportunity.

Sector wise rotation is going on.  [EXACT TTTTTTTTTTTTTTTTTTTTTT]

10th January 2011 - Technical View of Nifty / Technical view of Market :

View of Market : 

First Time Nifty issued some negative momentum and closed below 

Every resistance is for profit booking.  There is a chance for

retracement upto 6000 only if nifty close above 5950.

Technical View of NIFTY : 

+ve breakout neck line support line 5942-5955 is resistance

now. Short term support trend line at yesterdays low.  Next 

major support is another +ve breakout line at 5682-5675.

Chart view of NIFTY :

Positive breakout trend line now act as a resistance 5950.

Projected elliot wave target line at 5800-5765, Next bulls support 

at 5682-5675 only.  Cluster of supports with +ve breaout lines, Elliot

Wave target, short term term trend line.  Cluster of resistance +ve

breakout line act now as resistance, EMA and Fibo levels.  So range 

will be for 150-200 points on negative side.  Dont take any longs

if nifty close below yesterdays low for 2-3 days consecutively.

Shorters may put stop loss of 6050, without ris takers 5960 - both

on closing basis.

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


Nifty, Nifty Trading system, Intraday Trading system, Intraday, Amibroker

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

NIFTY Intraday Trading System, NIFTY Amibroker Trading System, Amibroker

Trading System, highly successful trading system for amibroker, Nifty Future