HI FRIENDS, AS TOLD HERE :- 7.11.10 POST NIFTY MOVED TO 1ST RESISTANCE ON MONDAY BUT FAILED TO CLOSE ABOVE TO MOVE TOWARDS LIFE TIME HIGH AS EXPECTED , AND ON TUESDAY AS SAID REVERSAL HAPPENED OPENED HIGH AFTER MAKING A LOW AGAIN GONE TO BREAK DAY HIGH, BUT FAILED TO CROSS RESISTANCE . AND PANIC BUTTON HITTED ON FRIDAY AND CORRECTION STARTED , BROKEN 20 EMA ALSO, NOW 20 EMA @ 6149.61 WHICH IS ALREADY BROKEN AND NEXT SUPPORT 50 EMA IS @ 6002.13 TO KNOW MORE ABOUT ALL EMA { 100 @ 5785.33 ; 200 EMA @ 5481.97 } , CLICK BELOW CHART :-
RSI @ 47.54 & STOC @60.65 , CORRECTION HAPPENED AS TOLD ITS A OVER BOUGHT REGION IN LAST WEEK 7.11.10 POST , CLICK CHART TO KNOW :-
PIVOT IS 6110.30 FOR MONDAY TRADING RESISTANCE ARE 6163 - 6256 - 6309 WHERE AS SUPPORTS @ 6018 - 5964 - 5872 , HAVE A LOOK INTO CHART TO KNOW : -
WEEKLY PIVOT 6154.77 RESISTANCE ARE @ 6252 - 6433 - 6531 WHERE AS SUPPORTS @ 5973- 5875 - 5694 , HAVE A LOOK INTO CHART :-
WARNING NOTE :- PANIC BUTTON @ 6186 FOR THIS WEEK WHICH IS STOP LOSS FOR POSITIONAL SHORTS GENERATED ON FRIDAY ON 12.11.10 , NO WORRY ABOUT SHORTS UNTIL THIS LEVEL { REVERSE LONG LEVEL } BREAKS ON UPSIDE ON CLOSING BASIS , MARKETS SLIPPED TO CORRECTION MODE AS OF NOW AS ALREADY TOLD PANIC SELLING CAN HAPPEN ON ANY DAY IN LAST WEEK POST :-
AS PER TIME ANALYSIS REVERSAL WE CAN EXPECT ON 16.11.10 TUESDAY ,REVERSAL EITHER HIGH OR LOW WHICH EVER COMES FIRST AND REVERSE THE EARLIER TREND
SENSEX WITH EMA :-
SENSEX WITH INDICATORS:-
SENSEX WEEKLY PP CHART :-
20555 IS SL FOR SHORTS GENERATED ON FRIDAY i.e., on 12.11.10 , MOVING ABOVE WILL INVITE BULLISHNESS FOR THIS WEEK FOR SENSEX AS ON 12.11.10 :-
No comments:
Post a Comment