HI FRIENDS, AS TOLD HERE : - CLICK AFTER CROSSING 5330 NIFTY MOVED NEARER TO 5400 ON WEDNESDAY AND MADE A HIGH OF 5399.65 { MONDAY HIGH 5377.55 & TUESDAY HIGH 5379.85 }
20 EMA @ 5252.73 AS OF NOW AND IT WILL ACT AS SUPPORT IN THIS WEEK FOR ANY PANIC SELL OFF , CLOSE BELOW 20 EMA TARGETS ARE SAME TOLD IN EARLIER POSTS WHICH IS 50 EMA @ 5143.67 & 100 EMA @ 4820.61,
CLICK EMA CHART TO KNOW MORE :-
MACD {READY TO CUT } ,RSI { @ 64.55 } ,STOC { SIGNAL CUT ALREADY ON 8.4.10 } ALL ARE IN OVER BOUGHT ZONE ,SO, CONSOLIDTION WILL TAKE FOR ANY MOVE ON UPSIDE , IF CONSOLIDATION TAKEN , THEN TARGETS ARE 5460 5500 5550
CLICK CHART TO KNOW THE INDICATORS:-
WEEKLY PIVOT @ 5351 WITH A RESISTANCES OF 5411 - 5460 - 5520 ALONG WITH SUPPORTS @ 5302 - 5242 - 5193 . THIS IS THE 9 TH WEEK OF CLOSING HIGH ON WEEKLY BASIS OF RALLY STARTED ON 11TH FEB 2010 FROM THE LEVEL 4675.4 , CONTINOUS UPSIDE CLOSING ON WEEKLY BASIS , SO, WE CAN EXPECT CORRECTION ANY TIME AS ALL INDICATORS SHOWING OVER BOUGHT ZONE , CLICK CHART TO KNOW MORE : -
CLICK THIS CHART TO KNOW DAILY PIVOT FOR MONDAY TRADING:-
AS PER TIME ANALYSIS , NEXT REVERSAL WE CAN EXPECT ON THURSDAY 15TH APRIL 2010 REVERSAL EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND, AGAIN WE CAN EXPECT REVERSAL ON 19TH APRIL 2010 ON NEXT MONDAY
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