NIFTY VIEW FOR CRUCIAL WEEK

AS TOLD IN LAST WEEK, MARKETS BROKEN CRUCIAL LEVELS
 OF 50 EMA {4834.91} & 70 EMA { 4734.13} ALSO. AS OF NOW
SUPPORT SEEN @ 4580 WHICH IS 100 EMA, IF IT BREAKS ,
NEXT SUPPORT SEEN @ 4359, WE SHOULD EXPECT RECOVERY FROM 100 EMA
IF NOT ,MORE DOWN SIDE WILL COME, IF IT BREAKS 4580
THEN LOWER BOTTOM WILL FORM IN DAILY CHART,
THIS DECIDES MORE WEAKNESS IN COMING MONTHS,
SO CAUTIOUS IF IT BREAKS 100 EMA,WATCH FOR THAT,
 MAJOR REISTANCE IS NOW 50 EMA WHICH IS @ 4834.
ANY HOW , TREND WILL DECIDE ONLY AFTER BREAKING ANY SIDE
EITHER RESITANCE OR SUPPORT, WATCH FOR THAT

IN WEEKLY CHART ALSO JUST ABOVE SUPPORT ,FOR KNOWING OF WEEKLY SUPPORT CLICK
OTHER CHART

IN LAST WEEK ON FRIDAY RETRACEMENT HAPPENED AS EXPECTED,
BUT COULDNT SUSTAIN BECOZ OF BEARISH TREND
4634 IS 20 EMA AS PER WEEKLY CHART SO,
WE CAN EXPECT RETRACEMENT  FROM HERE
ALSO ON TREND DECIDING DAY ON 5.11.09
{ THURSDAY} AS PER TIME ANALYSIS NEXT
MONDAY ALSO WE CAN EXPECT SOME REVERSAL ie., ON 9.11.09