HI FRIENDS,
NIFTY MOVED WELL ABOVE 4900 ON MONDAY AND FAILED TO CLOSE ABOVE AS SAID HERE : - CLICK AND CONTINOUS CONSOLIDATION UPTO BUDGET DAY AND BROKEN THE LEVEL WHICH I WRITTEN IN LAST WEEK EXACTLY ON BUDGET DAY AND REACHED THE 50 EMA TGT AND AGAIN FAILED TO CLOSE ABOVE 50 EMA WHICH I ALREADY CAUTIONED IN LAST WEEK POST : - CLICK . SO, WE HAVE TO WATCH CAREFULLY FOR THIS WEEK FOR UPSIDE OR DOWN SIDE BREAK OUT
50 EMA @ 4949.43 & 70 EMA @ 4949.91 ,NIFTY SHOULD CLOSE ABOVE THIS LEVEL FOR TWO DAYS TO CONTINUE UPTREND FOR A TGT OF 5058.98 AND NEXT TO 5125.97 AS PER DAILY PIVOT LEVELS
IF FAILED TO CLOSE ABOVE 50 EMA AS WELL AS 70 EMA ,THEN NEXT SUPPORT 120 EMA @ 4863.19 AND NEXT 180 EMA @ 4680.43 ; AS PER DAILY PIVOT NEXT SUPPORT @ 4858.57
AND 4791.88
AND NIFTY NOW FORMING EXPANDING TRIANGLE ATTACHING CHART OF PATTERN PIVOT LEVEL ALSO
ALSO ATTACHING CHART OF EMA WITH FIBO ALSO, NOW CROSSED 61.8% RETRACEMENT IF IT HAS TO GO TO 78.6% RETRACEMENT THEN IT IS 5174.98 , THESE ARE POSSIBILITES FOR THE WEEK AS PER FIBO
ALSO ATTACHING INDICATORS CHART YOU CAN SEE IMPROVEMENT AFTER MY ALERT CLICK
AFTER REACHING RSI TO 70 LEVEL IT CAN BE BULL TRAP , THEN WE CAN EXPECT HUGE CORRECTION ,
SUN OUTAGE from March 05, 2010 to March 18, 2010 between 11:00 hrs to 11:35 hours
SO BE CAREFUL 
AS PER TIME ANALYSIS , NEXT REVERSAL WE CAN EXPECT ON WEDNESDAY & THURSDAY REVERSAL { 3.3.10 & 4.3.10 } EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND, WE CAN DECIDE THE TREND BY OBSERVING THESE TWO DAYS EITHER WE ARE GOING TO BULLISH OR BEARISH
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