NIFTY VIEW FOR THIS WEEK

HI FRIENDS, 

AS EXPECTED NIFTY CROSSED 5200 MAJOR RESISTANCE ON MONDAY AND GIVEN GOOD SIGNALS OF UPTREND,THEN REACHED WELL ABOVE 5300 , TWO DAYS CROSSED 5300 MARK AND UNABLE TO SUSTAIN ABOVE THAT LEVEL WHICH I AM EXPECTING LITTLE CORRECTION NOW

THE BREAK OUT GIVEN @ 5080 ON 23RD DECEMBER STILL GOING ON , NO MAJOR DIFFERENCE IN TECHNICALS FROM THAT ,LITTLE DIP MAY COME ,BUT IT IS NORMAL CORRECTION ONLY

THE COMING DAYS ARE CRITICAL ,IF TAKEN SUPPORT @ MENTIONED LEVELS OF EMA'S {CHECK EMA CHART } ,IF TAKEN SUPPORT THEN WE WILL GO TO NEW HIGH LEVELS AND IF WE BREAK THOSE EMAS WE WILL SEE A MAJOR CORRECTION, SO, AS OF NOW WATCH 20 EMA WHICH IS @ 5155.28 WHERE AS 50 EMA @ 5052.19 , 70 EMA @ 4981.5 100 EMA @ 4862.6

NOW MAJOR SUPPORT @ 5155.28 IN SUPPORT TREND LINE ALSO WHICH IS 20 EMA ALSO 

AND BOTTOM PATTERN ,IF THIS BREAKS SHOWS LOWER BOTTOM ,THIS INDICATES CORRECTION ,IF 5155.28 BREAKS THEN, LAST WEEK BREAK OUT IS NOT TRUE BREAK OUT WHICH IS ALREADY I SAID IN LAST WEEK POST ITSELF AS TRIANGLE BREAK OUT MAY FAIL SOME TIMES ;HERE : - BREAK OUT POST 

MARKETS SHOULD RECOVER FROM 20 EMA SURE IF WE NEED TO BE BULLISH IN COMING DAYS ,IF WE CLOSE ABOVE 5155.28 IN 3 CONSECUTIVE TRADING DAYS, THEN ITS A INDICATING OF POSITIVE TREND IN MARKETS,SO, WATCH IT CLOSELY AND PROTECT YOUR PROFITS IN LONGS 

AS PER TIME ANALYSIS WEDNESDAY 6TH JANUARY 2010 GIVEN REVERSAL
MADE A HIGH OF 5310.85 AND REVERESED TO CLOSE BELOW 5300 @ 5281.8
AS TOLD IN 3RD JANUARY 2010  POST

NEXT REVERSAL WE CAN EXPECT ON WEDNESDAY  REVERSAL { 13.1.10}
EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND AND ALSO IT CAN REVERSE THE TREND OF MONDAY & TUESDAY TRADING LEVELS ALSO ,SO, WATCH OUT FOR THAT DAY 13TH JANUARY 2010