NIFTY VIEW FOR THIS WEEK

HI FRIENDS, 

AS I AM OUT OF STATION FROM LAST SATURDAY, I COULDNT UPDATE NIFTY WEEKLY VIEW, { THANKS FOR ALL WHO ASKED BY EMAIL AS WELL AS IN YAHOO MESSENGER ABOUT NIFTY WEEKLY UPDATE }, BUT UPDATING A CRITICAL LEVELS IN MIDDLE OF THIS WEEK ,HAVE A LOOK INTO IT ;

AS SAID IN THIS POST : - CLICK NIFTY GONE WELL BELOW 4700 AND CLOSED STRONG ABOVE 4700 ON 8TH & 9TH  , AS ADVICED IN LAST WEEK POST TO TAKE POSITIONS, WHO FOLLOWED GOT BENEFIT OF MORE THAN 200 POINTS FROM  THE LOW MADE ON 8TH FEB WHICH IS 4675.4 , AS TODAY HIGH IS 4791.35 

NOW BACK TO BUSINESS NIFTY 100 EMA @ PRESENT @ 4912.92 WHERE AS 20 EMA @ 4894.68  ALSO CAME NEARER TO 100 EMA WHICH IS STRANGE THING HAPPENED TODAY THE DIFFERENCE BETWEEN 100 EMA & 20 EMA IS NOW ONLY 18 POINTS 

SO, THE DECIDE DAY A HEAD WHICH IS TOMORROW WHEN LOOKS INTO THIS EMA POINT OF VIEW 

SEE THE INDICATORS IMPROVEMENT AFTER THIS POST : - CLICK 

RSI @ 16 ON 27 TH JAN POST NOW, ITS IS @ 46
GUESS HOW MUCH WILL BE NIFTY WHEN RSI REACHES 70

STOCHASTIC @ 16 ON 27TH JAN POST NOW, IT IS @ 44
GUESS HOW MUCH WILL BE NIFTY WHEN STOC REACHES 80

MACD GUESSED AS PER HISTOGRAM POSITIVE DIVERGENCE
AND NOW ITS GOING TO CROSS SIGNAL LINE IN COMING SESSIONS

LOOKING INTO HOURLY CHART AS ON TODAY TOMORROW 1ST HOUR IS CRITICAL TO DECIDE THE TREND AS SHOWING BEARISH GARTLEY IN HOURLY CHART 

ATTACHING INDICATORS CHART AS WELL AS EMA CHART & HOURLY CHART , GO THROUGH THE CHARTS TO KNOW

AS PER TIME ANALYSIS WEDNESDAY 10TH FEBRUARY 2010 GIVEN REVERSAL
MADE A HIGH FIRST AND AGAIN LOW AND BROKEN EARLIER HIGH AND AS WELL AS EARLIER LOW ALSO AND MADE A FRESH HIGH AS 4826.85 & LOW AS 4748.1 RESPECTIVELY  AND CLOSED @ 4748.1 AS TOLD  IN 7TH FEBRUARY  2010  POST

NEXT REVERSAL WE CAN EXPECT ON WEDNESDAY  REVERSAL { 17.2.10} ie., TOMORROW EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND