Trend Line [18-10-2010]

BULL TRAP

Close up charts of BULL TRAP enclosed below

A failed signal is among the most reliable of all chart signals.
When a market fails to follow through in the direction of a chart
signal, it very strongly suggests the possibility of a significant
move in the opposite direction.  For example note how the market abruptly reversed course after breaking out above the early high.  If the upside penetration signal were valid, the market should not  have retreated back to the lower portion of the consolidation and certainly not below its lower boundary,  The fact that such a retracement occurs almost immediately following the breakout  strongly suggests a "BULL TRAP"

Fibonnaci [15-10-2010]

Bloomberg

Oct. 14 (Bloomberg) -- Companies in the U.S. are buying more foreign-made 

semiconductors and cars as they invest in equipment and build stockpiles, 

while also keeping a tight rein on payrolls, reports today showed.

The trade deficit widened 8.8 percent to $46.3 billion in August from 

$42.6 billion the prior month as a rise in imports swamped gains in exports, 

Commerce Department figures showed today in Washington. The number of 

Americans filing claims for jobless benefits unexpectedly climbed by 13,000 to 

462,000 last week, according to the Labor Department.

Elliot Wave TGT [14-10-2010]

Trend Line [13-10-2010]

Trend Line [12-10-2010]

Fibonnaci [11-10-2010]

Fibonnaci [11-10-2010]

Fibonnaci [08-10-2010]

EMA [07-10-2010]

NIFTY trading support 6170-6163 Resistance 6223-6229

Nifty Trend  Support 6118-6108 Resistance 6256-6267

Both support are very strong, double top at 6223[6222]

Elliot Wave [06-10-2010]

I mentioned 5 wave completed. It is wrong, See 3rd wave and 4th

beginning is below the 1st.  Other Wave a,b,c and expected A,BC are 

correct.  So correction may be possible.  Structure was not completed.

Target [05-10-2010]

Trend Line [04-10-2010]

Hindu & Muslim

INDIAN PRESIDENT

INDIA JAI HO

UNITY in RELIGION

ZAKIR HUSSAIN Indian President

RELIGIOUS UNITY Indian Cricket Captain
Sania MIRZA [Top in Tennis]

U AND I always INDIAN

Wolf Wave [01-10-2010]

Nifty Confirmed the Trend  violation at 6066-6077, If it Break

this level and traded above this level for an hour then Short covering

will come for the WOLF WAVE target.[TDL Trend R]

Fibonnaci [30-09-2010]

Yesterday Trend line violation confirmed, So any breakout above TDL

Trend resistance is for further rally.  Expect short covering also above

this levels, Intraday stiff resistance at 6018-6033.

Fibonnaci [29-09-2010]

Negative Divergence in Indicators, Trend Line Violation in First Time

Once nifty close above Trend Decided Level (TDL)-Trade then Short

covering expected. 

Trend Line [28-09-2010]

RISK FREE TRADERS Booked Nifty Profit yesterday +530 points

RISK takers hold nifty with sl 6000 max 5980 for one more high, Fresh

Buy/Short covering is also possible above 6073 up to 6122 with sl 6033 

and again Risk takers profit booking area around 6220-6250.  

Trend Line [27-09-2010]